The Life Settlement Conference in Las Vegas starts today. It should be a well attended and information packed event. Some of the biggest name and companies in the industry will be attending. The education factor will make this a great show to attend.
Here is the line up of traning seminars and speakers:
Life Settlement Conference Las Vegas
Today we learned that 21st Services, a major will implement changes in its mortality tables relative to its life expectancy determinations beginning September 16, 2008. A Life Expectancy also known as an LE is huge factor in pricing models for life settlement cases.
21st announced yesterday, at their Annual Investor Subcommittee conference, that they will be using new mortality tables which will be more reflective of real world life expectancies. Jack Ketter is showing that 21st Services is making a long term commitment to the industry.
As a result of the implementation of these new tables to their life expectancy underwriting, 21st Services will effectively lengthen their life expectancy determinations. We will have to see how quickly this will effect current offers, pending bids, and current policies in pricing.
We have also yet to confirm if LEs purchased in the last say 30-60 days will be updated to the new mortality tables without an additional charge.
We will keep everyone updated as these changes are completed.
The Life Settlement Investment sector is growing rapidly. With the collapse of the mortgage market you have a large amount of funds that need to placed into financial vehicles. We have a seen a large increase in investment dollars into the life settlement industry. Here is a good excerpt.
In today’s turbulent financial markets, as in the past, insurance related products such as life settlement investments gain respect and are today fueling an investment boom. Given the inherent capital protection, with above-market return opportunities and the low-volatile, uncorrelated nature of life settlement investments, a growing number of fund-of-funds, multi-strategy funds, investment banks, asset managers and family offices are requesting advice regarding available life settlement products best suited for their portfolios and asset allocation needs.
We are working on putting together reviews, outlines, and and overview of investment strategies not only for the larger hedge funds and banks, but also the smaller investment groups and invididual investors. Keep checking back.
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