Penetration Testing

✍ Scribed by Weidman, Georgia

• Publisher: No Starch Press
• Year: 2014
• Tongue: English
• Category: Library

✦ Synopsis

A complete guide to longevity finance

As the Baby Boomer population continues to age and the need for the securitization of life insurance policies increases, more financial institutions are looking towards longevity trading as a solution. Consequently, there is now a need for innovative financial products and strategies that have the ability to hedge longevity exposure for pension funds, reinsurance companies, and governments. These products and strategies are currently being developed with the use of life settlements. Here, author Vishaal Bhuyan provides a complete guide to this burgeoning sector. InLife Markets, Bhuyan and a team of expert contributors from leading firms offer an extensive look at how to trade life settlements.

Provides practical guidance to the growing field of longevity finance Outlines the innovative financial products that are populating this field Highlights a safe haven for investors seeking returns in troubled times Covering everything from the history of life settlements to making a transaction-pricing, service providers, exchanges, and more-this book contains extensive coverage of the many issues surrounding longevity finance.

✦ Table of Contents

A brief history of life settlements / Vishaal B. Bhuyan --
Features of life insurance / Vishaal B. Bhuyan --
What is a life settlement? / David Blake and Debbie Harrison --
Parties involved in a life settlement / Vishaal B. Bhuyan --
Other involved parties / Vishaal B. Bhuyan --
Underwriting / Michael Fasano --
Life insurance policy swaps / Vishaal B. Bhuyan --
Premium financing / Vishaal B. Bhuyan --
Life settlement securitization / Emanuel Modu --
Life settlement pricing / I. James Cavoli --
Using life extension-duration and life extension-convexity to value senior life settlement contracts / Charles A. Stone and Anne Zissu --
Real options approach to life settlement valuation / Joseph R. Mason and Hal J. Singer --
Risks mitigation for life settlements / Nemo Perera --
The risks of a securitized portfolio of senior life settlement contracts / Charles A. Stone and Anne Zissu --
Synthetics / Antony R. Mott --
Life settlements / Boris Ziser and Joseph Selvidio --
Regulatory issues and insurance company reaction / George J. Keiser --
Tax implications / Micah W. Bloomfield --
The ethics of profiting from mortality / David Blake and Debbie Harrison --
Epilogue : synthetic longevity assets--a primer / Jonathan T. Sadowsky and Matthew C. Browndorf.