Global Life Underwriting Publishes White Paper Addressing Life Expectancy Methodologies; Scheduled to Attend LISA
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LOS ANGELES, CA, Oct 28 (MARKET WIRE) --
Global Life Underwriting has published a white paper for the life
settlements industry explaining the difference between morbidity and
mortality in life expectancy reports (LER) and its significance in
creating standardized LERs that can be relied on by investors. Author
Howard Freedland, CEO of GLU, explains that since life expectancy
providers have "...no actuarial standards for translating morbidity
factors into a mortality multiplier, life expectancy providers invented
their own methodologies... often with little or no consistency."
The paper goes on to state that the new 2008 VBT Relative Risk tables
provide a reliable set of data from which to measure the impact of
morbidity on mortality and therefore, has no need for the use of
multipliers which are the cause of many inaccuracies for the life
expectancy providers who use them.
Global Life Underwriting avoids the pitfalls of multipliers by utilizing
Underwriting Criteria Scoring (UCS), a standardized method used by the
Society of Actuaries to create the 2008 VBT RR tables, in evaluating an
insured's health. The insured is then assigned to an RR category from
which a reliable and consistent LE is obtained.
Global Life Underwriting will be at the LISA conference in Washington, DC
November 6 and 7, 2008 explaining their methodology, meeting with industry
investors, and educating the life settlements industry on the importance
of standardized LERs. To obtain a copy of the white paper, request a
meeting or for more information, please call (310) 295-4960 or email
hsf@lidoventures.com.
Please Contact:
Laura Sellers
(310) 295-4960
Email: hsf@lidoventures.com
Web: www.globallifeunderwriting.com
Copyright 2008, Market Wire, All rights reserved.
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