Evaluating Medical Underwriters in Life Settlements: Problem of Unreported Deaths

2020 ◽  
Author(s):  
Hong Beng Lim ◽  
Nariankadu Shyamalkumar
Keyword(s):  
Life Settlements

Delta Hedging IO Securities Backed by Senior Life Settlements

2009 ◽  
Vol 15 (2) ◽  
pp. 93-100 ◽  
Author(s):  
Charles A Stone ◽  
Anne Zissu
Keyword(s):  
Life Settlements ◽  
Delta Hedging

New Findings on Older People’s Life Expectancies Confirm Gompertz Law: The Impact on the Value of Securitized Life Settlements

2014 ◽  
Vol 20 (2) ◽  
pp. 66-73 ◽  
Author(s):  
Leonid A. Gavrilov ◽  
Natalia S. Gavrilova ◽  
Charles Austin Stone ◽  
Anne Zissu
Keyword(s):  
New Findings ◽  
Life Settlements ◽  
Gompertz Law ◽  
The Impact

A Brief History of Life Settlements

Life Markets ◽  
2011 ◽  
pp. 1-4
Author(s):  
Vishaal B. Bhuyan
Keyword(s):  
Life Settlements ◽  
History Of

Risk Mitigation for Life Settlements

2006 ◽  
Vol 12 (2) ◽  
pp. 55-60 ◽  
Author(s):  
Nemo Perera ◽  
Brian Reeves
Keyword(s):  
Risk Mitigation ◽  
Life Settlements

Life Settlement Value Profiles across Different Death Rate Distributions

2018 ◽  
Keyword(s):  
Death Rate ◽  
Cost Of Capital ◽  
Mortality Rates ◽  
Cash Flows ◽  
Pivot Point ◽  
Specific Cost ◽  
Fund Managers ◽  
Life Settlements ◽  
Asset Class ◽  
Insight Into

The life settlement asset class is a recognized part of the alternative investment market. Our article offers insight into the behavior of portfolios of life settlement contracts. We focus on the value profiles of pools of life settlement contracts in the value/cost of capital space. A pool of life settlement contracts has a death rate distribution that will determine the amount of premiums that must be paid each period and the amount of death benefits that will be collected each period. Because value is determined by the timing, magnitude, and certainty of the cash flows generated by an asset, it is inexorably linked to the timing of the life settlers’ deaths. We show that when certain conditions are met, pools with fundamentally different underlying mortality rates and risk profiles, but with the same cost of capital, can have the same value (pivot point in the value/cost of capital space). This pivot point can be useful for fund managers seeking to modify a portfolio of life settlements under a specific cost-of-capital constraint.

Sign in / Sign up

Export Citation Format

Share Document