Sundance Strategies Inc

Sundance Strategies, Inc. (OTCQB: SUND) is a Provo, Utah-based company that provides professional advisory services to specialty structured finance groups, bond issuers, and life settlement aggregators, with a primary focus on the acquisition and management of life insurance policies and financial instruments tied to life settlements in the secondary marketplace. The company's core business involves purchasing or acquiring Net Insurance Benefits (NIBs) from pools of life insurance policies — the stream of cash flows generated when life insurance contracts reach maturity through the insured individual's death or through policy surrender — and managing residual interests in or financial products tied to these life insurance policy pools. Life settlements represent the purchase of an existing life insurance policy from the original policy owner at a price above its cash surrender value but below the face value of the death benefit, creating a market that provides policy owners with liquidity and creates investment opportunities for buyers of discounted insurance assets.<br><br>The company also provides advisory services relating to bond issuances, institutional investors, and life settlement transactions, leveraging its expertise in the structured finance aspects of life settlement pools to advise bond issuers and investors who participate in securitization transactions backed by life settlement assets. Life settlement securitization involves packaging pools of life insurance policies into structured vehicles that issue bonds or notes whose payments are funded by the death benefit proceeds received as insured individuals pass away — a complex specialty finance transaction that requires sophisticated actuarial analysis, legal structuring, and investor education. Sundance Strategies' advisory capabilities in this specialized market provide value to participants who benefit from the firm's expertise in structuring, marketing, and managing these unconventional asset-backed instruments.<br><br>Sundance Strategies, Inc. trades on the OTCQB Venture Market under the ticker symbol SUND and files periodic reports with the Securities and Exchange Commission, including annual Form 10-K and quarterly Form 10-Q reports. As of September 30, 2023, the company had 42,258,441 shares outstanding and is classified as a non-accelerated filer and small business under SEC reporting standards. The life settlement market has evolved significantly since the initial development of the secondary market for life insurance policies, with growing institutional acceptance of life settlements as an asset class, clearer regulatory frameworks in many states, and improving actuarial and longevity modeling capabilities that have enhanced the ability to price and manage portfolios of life settlement assets.