Life Settlement - Actuarial News

Advanced Underwriting Solutions now offers provisional reviews prior to initial purchasing decisions

Many are delaying retirement, and even returning to work to cope with falling home values and deteriorating investments.

Over half of senior citizens say they are either postponing retirement or planning to return to work due to the economic crisis, according to a survey released Tuesday by Golden Gateway Financial.

Proverian Capital is a premier life settlements provider based in New York City.

Johan’s address will focus on the importance of accurate life expectancy determinations as the most impactful and misunderstood factor in accumulating a performing Life Settlement portfolio. He will talk about the three “wrecking balls” that affected the life settlement industry in 2008 and what can be done about them

Legal & General Group Plc, the U.K.‘s third-largest insurer, has a solution to the problem of aging: high-yield corporate bonds.

Four months ago it took over a $475 million pension fund at Smiths Group Plc, betting it can improve returns enough to pay off 7,000 pensioners and turn a profit. Smiths, the world’s biggest maker of airport bomb detectors, was happy to rid itself of what insurance companies call ``longevity risk.’’ Longer life expectancies mean a 65-year-old man in Britain will probably live to 82 and claim payments until 2025.

Investors in settled life insurance policies need to thoroughly understand
the impact of underwriting and mortality assumptions on investment performance, according to a new analysis
issued today by Phoenix Life Solutions, a subsidiary of The Phoenix Companies, Inc. (NYSE: PNX).

The National Association of Insurance Commissioners (NAIC) today adopted amendments to the Viatical Settlements Model Act during the Association’s Summer National Meeting in San Francisco.

The former president of Mutual Benefits, a company accused of defrauding investors out of nearly $1 billion, pleaded guilty to securities fraud.