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9780470508121

Life Markets : Trading Mortality and Longevity Risk with Life Settlements and Linked Securities

by
  • ISBN13:

    9780470508121

  • ISBN10:

    0470508124

  • Format: eBook
  • Copyright: 2009-07-01
  • Publisher: Wiley
  • Purchase Benefits
List Price: $90.00
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Summary

A complete guide to longevity financeAs 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. In Life 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 timesCovering 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

List of Contributors
Foreword
Preface
Acknowledgments
Life Settlement Basics
A Brief History of Life Settlements
Features of Life Insurance
What is a Life Settlement
Parties Involved
Other Involved Parties
Underwriting
Life Insurance Policy Swaps
Premium Financing
Securitization
Life Settlement Securitization
Analytics and Pricing
Life Settlement Pricing
Using Life Extension-Duration and Life Extension-Convexity to Value Senior Life Settlement Contracts
Real Options Approach to Life Settlement Valuation
Risk Explored
Risks Associated with Life Settlements
The Risks of a Securitized Portfolio of Senior Life Settlement
Synthetics
Regulation
Life Settlements
Regulatory Issues & Insurance Company Reaction
Tax Implications
Ethical Issues
The Ethics of Profiting From Mortality
About the Author
Index
Table of Contents provided by Publisher. All Rights Reserved.

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