Life Expectancy Update
In the Life Settlement Industry, a life expectancy (LE) is a commonly used report for pricing an insured policy. There are a few third party life expectancy companies that generate these reports. They are 21st Services, AVS, Fasano, EMSI, ISC, and few smaller firms. The press release is an update from Fasano.
Fasano Announces New Mortality Tables for Over-65 Market
WASHINGTON, D.C. — (BUSINESS WIRE) — , February 26, 2008: Fasano Associates announced their development of new mortality tables for the over-65 life settlement market at the BVZL sponsored Life Settlement Conference held in Frankfurt, Germany on February 20th.
Fasano will apply multiple mortality tables that will be a function of the overall mortality rating of the individual being reviewed.
Said Mike Fasano, President of Fasano Associates, “We have undertaken extensive research on mortality in the over-65 market, which shows distinct mortality patterns that vary by the severity, or mortality rating, of the individual’s health condition. These are groundbreaking findings that will allow us to further refine our estimates of life expectancy.”
Fasano’s estimates of life expectancy already are among the most accurate in the business, with two successive independent actuarial studies establishing a 96% Actual to Expected accuracy ratio for Fasano’s life expectancy estimates.
“This will not only help in developing even more accurate life expectancy estimates, but in better predicting the pattern of mortality over time.”
About Fasano Associates:
Fasano Associates is a leading underwriting consulting firm, serving the life, health and life settlement industries.
Call 1-888-973-8377 to speak with a Life Settlement Professional about your specific policy or a client’s policy.
