Leawood, KS-based Anthem Management LLC has purchased a stake in Life Insurance Buyers Inc. Life Insurance Buyers, Inc. has provided terminally ill patients with guidance on the brokerage of viatical and life settlements since 1995. Viatical settlements involve the sale for cash of an existing life insurance policy for terminally or chronically ill individuals at a discount from its face value. This provides resources for those who are ill or can no longer afford their premiums.
Anthem Management is a venture firm that is part of the Anthem Media Group. The company provides technology, data, informatics, professional services, and custom marketing and media solutions. The group has offices in Leawood, KS; Daytona Beach, FL; Seattle, WA; Los Angeles, CA; and Charolotte, NC.
The transaction will create a new entity called Beacon Life Funds LLC. Terms were not disclosed.