LifeX is an electronic communication network (ECN) that aims to create efficiencies in the life settlement industry, which is trying to adapt to an electronic environment in a move to reduce paper-based workflow.
The ECN enables buyers to compete against each other for unneeded life insurance policies in Internet-based, real-time auctions.
It will operate on an auction platform provided by Indiana-based HedgeHog and is expected to become available to the entire life settlement industry soon.
