What:
Sundance Strategies, Inc. announced the release of compliant NFTs backed by life settlements — the sale of an existing insurance policy to a third party for a one-time cash payment.
Why:
Enable direct participation in insurance-backed bonds and streamline the delivery of cradle-to-grave insurance products to the masses. Democratize life settlement investments’ access and reach a broader audience.
How:
- The real-world assets backing the NFT’s will be up to $500 million, investment-grade rated life insurance-linked bonds, backed by approximately $850 million of life insurance policies, and nearly $115 million of cash reserves.
- This asset will produce cash flow and net returns to the NFT holder, creating a secure investment, in these volatile times, with all the perks of an NFT held on the blockchain ledger.