HomeCategoryInsights - Longevity Asset Advisors

In our last article, we stated that health care data is not a solution to the need for complete, correct medical information when estimating life expectancy. This does not mean health care data cannot be useful to some degree, as a means to filtering out unqualified insureds or identifying potential health issues that may prove...

As we’ve said before, life expectancy underwriting requires correct and complete information. Health care data alone is neither of these things. That doesn’t mean it’s entirely useless, but it’s a means to an end –not a complete solution. Health care data includes the medical information stored in all sorts of systems, patient portals, and databases. A lot...

The Health Insurance Portability and Accountability Act of 1996 is a very complex piece of legislation. So are the various privacy laws in each state in the United States. Most consumers think of HIPAA as the form they sign when they go to a hospital or doctor’s office, or when they apply for life or...

Tax season brings opportunities for financial advisors and their clients. It also brings a tremendous time crunch. Between helping clients navigate upcoming life changes like retirement or empty nesting, calculating how recent legislation affects their finances, reviewing retirement account withdrawal strategies, or weighing the tax implications of selling property, realizing gains, or withdrawing from a...

For the last several decades, scientists have been dedicating their careers to trying to duplicate the human brain through computers and machinery. Algorithms, artificial intelligence and machine learning have all come close – but are still not quite there. There are many automations and tools used to make processes and operations easier, faster, more efficient....

Just like selling your car or your home, there are several different ways you can sell your life insurance policy. In the life settlement market, investors looking to buy policies have a number of ways to purchase a policy based on what works best for the seller and the buyer. After examining your policy and...

The life settlement industry has grown and transformed since it first began in the 1980’s during its viatical era. In the beginning, life settlement transactions were geared toward terminally ill policyholders who were in need of funds to support costs of treatment and costs of living. As the industry has changed throughout the years, the reasons people...

In order for life underwriters to create a consistent,  accurate, precise life expectancy assessment of an individual, the underwriter must have all of the medical and lifestyle information (i.e. health information) related to that individual. Unfortunately, this is not always possible. There are multiple factors that result in medical information missing from a life expectancy...

In today’s world, the word “data” is used pervasively in nearly every industry. Most people using or hearing this term don’t think much about what it actually means, but in the life insurance world, there is a critical difference between “data” and “information.” Data alone can have very little practical value in and of itself....

More often than not, life settlement companies, brokers and agents looking for life expectancy reports (LEs) for a customer will not order just one, but multiple LEs from different life underwriting companies. When they receive multiple reports from different vendors, there are bound to be some differences in the reports. The first thing most customers...