Make Dynamic Life Capital
your trusted investment manager
We combine actuarial precision, medical expertise, and strategic market access to deliver high-quality longevity-oriented investments with double-digit projected returns.
Recent Track Record
The Dynamic Life Capital team priced and medically underwrote over 10,000 policies for the most recent fund in under three years, representing $16.5B of face value from over 40 different market participants.
248
Policies Purchased
$143.9M
Face Value
$52.6M
Purchase Price
61
Policies Matured
$28.5M
Maturities Received
115%
Actual vs. Expected Count
A Commitment to Deeper Analytics
When it comes to life settlements, experience is paramount. The partners at Dynamic Life Capital have navigated the market through various cycles, honing their skills in identifying high-quality policies with strong potential returns. Their background combines actuarial experience for accurate policy evaluation and in-depth medical knowledge to assess life expectancy.
This unique blend of experience and expertise allows us to meticulously select assets that deliver on our promise of double-digit projected returns.
Why work with us?
The Dynamic Advantage
Projected Double Digit, Unlevered, Uncorrelated Returns
12%-14% Projected Gross IRR1, 9%-11% Net
Investments are largely unaffected by market volatility and encourage overall portfolio diversification.
Actuarial Expertise
In a highly inefficient, life-contingent asset class, actuarial pricing is paramount. Dynamic Life Capital is actuary-led. As investment returns and profitability are directly tied to individual mortality, enhanced confidence in the selection process is key to risk mitigation.
Medical Underwriting Expertise
Opportunistic investing and arbitrage in life settlements is rooted in insightful underwriting. Our expert medical team identifies promising opportunities. Utilizing multiple independent mortality estimates is instrumental in acquiring superior assets.
Minimal Cash Drag
The manager has rapidly constructed an approximately $50m investment in a notional2 portfolio in under three months, with full pricing and underwriting of each policy. The close relationship with our originators will greatly reduce the investment cash drag that commonly occurs in this asset class, thereby enhancing investor returns.
Strategic Market Access
Partners of Dynamic Life Capital have been actively trading for two decades and have broad access industry-wide. Their established reputation grants access to top-tier counterparties and superior market insight.
Anchor Investor
A seasoned investor has committed to anchor the Fund with a significant investment, representing 9.9% of the target investment.
What is a Life Settlement?
A Life Settlement is the sale of an existing life insurance policy to a third-party investor for a lump-sum cash payment greater than the cash surrender value, but less than the death benefit.
The investor becomes the new owner of the policy and is responsible for paying future premiums until the insured passes away. At maturity, the investor receives the death benefit from the insurance company.
Though life settlements have been legalized since 1911, the majority of transactions have occurred in the last 20 years. The market is now regulated in 45 of the 50 U.S. states, covering approximately 95% of the U.S. population.
- Settlement investing is socially responsible and is aligned with Environmental, Social and Corporate Governance (ESG) principles.
- Insurance agents have a responsibility to inform their customers of alternatives to lapsing or surrendering their policy.
- Recent tax reforms allow for more favorable tax treatment for policyowners who sell their policy.
- According to the Life Insurance Settlement Association (LISA), total payments to policyowners have increased each year since reporting began in 2021, providing additional funds to seniors and their families.
Meet The Team
Denny Mathew, ASA, MAAA
Managing Partner, Chief Executive Officer
Mr. Mathew brings more than eighteen years of extensive and broad knowledge in the insurance industry to Dynamic Life Capital as the Managing Partner and Chief Executive Officer.
Prior to starting Dynamic Life Capital, Mr. Mathew was the Chief Underwriting Officer at RiverRock Investment Funds, aggregating policies and managing over $200m of AUM across 2 funds.
Prior to joining RiverRock in 2017, Mr. Mathew served as a Pricing Actuary and Head of the Life Settlements division at AmTrust Financial, where he managed portfolios with Face Value exceeding $1.6b. Mr. Mathew started his career at RMS where he earned his certification as a Certified Catastrophe Risk Analyst (CCRA).
Mr. Mathew holds a Masters in Actuarial Science at the University of Central Florida, and a BSBA at the University of Florida. He is an Associate of the Society of Actuaries (ASA), a Member of the American Academy of Actuaries (MAAA) and holds the Series 65 license.
Darryl Glatthorn
Partner, Senior Advisor, Chief Compliance Officer
Mr. Glatthorn’s recent professional experience includes over 20 years on the investment side of the life settlement industry. Between 2015 and 2019, he was the CEO of RiverRock Funds, a private equity manager with a series of life settlement funds focused on small face.
Within the institutional market for life settlements, he’s worked with Apollo Group, Nomura Securities, Plainfield Asset Management, Obra Capital and a number of licensed providers in the industry. He founded a FINRA licensed broker dealer, Equus Financial, which still operates in 47 states.
Mr. Glatthorn spent eight years as a partner and Head Trader at Zweig DiMenna Associates, a New York-based hedge fund dedicated to equity investing. Earlier in his career, Mr. Glatthorn was employed at UBS/PaineWeber in equity derivatives sales and in institutional equity sales at Morgan Stanley and Lehman Brothers.
Mr. Glatthorn is a graduate of Babson College where he majored in accounting and went on to become a Certified Public Accountant (inactive). He holds the Series 7, 24, 63 and 79 licenses.