Fasano Associates announces their 9th Annual Life Settlement & Longevity Conference to be held on October 29, 2012.
The conference will take place at Fasano's headquarters: NAHB Building, 1201 15th Street, NW, Washington, DC 20005.

October 25, 2011

Michael Lovendusky, Vice President & Associate General Counsel of the American Council of Life Insurers (ACLI), addressed over 200 investors and industry practitioners attending the 8th Annual Fasano Life Settlement & Longevity Conference. Lovendusky discussed the communication gap that he believes exists between the ACLI and the Life Insurance Settlement Association (LISA), the largest trade association representing the life settlement industry. Said Mike Fasano, President of Fasano Associates, “Michael’s comments were controversial, and I know that many in the audience did not agree with him, but I think it is very important that we have a direct and honest dialogue with the life insurance industry, even when we don’t agree, When all is said and done, we have more to gain from each other that not.”

Fasano added: “I was very pleased with the turnout and the mix of attendees. We had a total of 222 registered, of which 35% were investors and financial institutions, 26% were professionals and 17% were providers. I think this is encouraging for the future of our industry.”

The Fasano Conference included a number of investor focused presentations, including a discussion of the ‘The Role of Life Settlements in a Fixed Income Portfolio’ by David Miles, CEO of Miles Capital, and the views of Matt Popoli, Senior Managing Director of Reservoir Capital, on pricing and valuation challenges for the life settlement market.

Dr. Jochen Russ, Managing Partner of the Institute for Finance and Actuarial Studies, presented original research that illustrated inconsistencies with past trends for mortality improvement projections found in both German and U, S. mortality tables. In addition, Dr John Iacovino, Senior Medical Director at Fasano Associates, presented an analysis of ‘Respiratory Impairments and Older Age Mortality’, while Alan Morris, Director of Financial Risk Management at KPMG, discussed ‘Key Considerations in developing Portfolio Valuations’.

The Conference concluded with a presentation by Deutsche Bank’s Dr. Pretty Sagoo on the role of the U.K. based Life & Longevity Markets Association (LLMA) in Longevity Markets and a “point – counterpoint” discussion between Phil Hall, Managing Director of Highland Capital, and Dan Knipe, Life Portfolio Manager at Leadenhall Capital Partners, as to whether ‘Pension Funds should be Long or Short on Life Settlements’.

DVDs of the Fasano Conference are available for only $395.00 plus $5.00 shipping. Click button below to order your DVD.  Don't miss your opportunity to own a DVD set of the Best Conference Program of the Year.

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Fasano Associates has just released the latest independent actuarial analysis of its Actual to Expected (A to E) performance, including an Actual to Expected ratio of 99% for the 2005 through 2010 time period, based on the ACTUAL life expectancy estimates given to its clients.

To provide more granularity in the results presented, we have developed splits of Fasano's Actual to Expected experience based on gender, smoking status, and LE durational band. These detailed splits have been provided based on the assumptions that we consider to be representative of the current life settlement market yet with sufficient observations to be statistically credible. We have provided detailed results for the 2005 to 2010 period (last 6 years), based on the Fasano 2008 Mortality Tables and IBNR developed by Dr. Bruce D. Spencer, Chair of the Statistics Department of Northwestern University (Spencer IBNR). For more information about the study, please click here and fill out the 'General Inquiries' form.

by Michael Fasano

It has been over two years now since the 2008 Fasano Life Settlement Conference, when I first called for Best Practices for Life Expectancy Underwriters to include disclosure of Actual to Expected performance results on a consistent, transparent basis. The discussions continue and therefore I believe it is important to address some of the issues that have been raised. The unfortunate reality is.... Click here to read entire article

At its 17th Annual Spring Conference, Life Insurance Settlement Association (LISA) membership elected five (5) members to its Board of Directors. The new Directors, who were chosen during a members-only meeting, are:

• Adam Balinsky, President, Caldwell Funding
• Brian Casey, Partner, Locke, Lord, Bissell & Liddell, LLP
• Rob Haynie, President, Life Insurance Settlements, Inc.
• Jim Maxson, Partner, Morris, Manning & Martin, LLP
• Jon Mendelsohn, President & CEO, Ashar Group

Each member will serve a two(2) year term.

The newly elected will join the following members to form the complete Board:

• Zohar Elhanani, President & CEO, Legacy Benefits, LLC
• Nate Evans, President & CEO, Maple Life Financial, Inc.
• Michael Fasano, President, Fasano Associates, Inc.
• M. Bryan Freeman, President, Habersham Funding, LLC
• John McCarroll, Vice President, Q Capital Strategies, LLC
• Craig Seitel, CEO, Axis Thought Capital, LLC

The full board is made up of eleven(11) members each serving a two year term.

Fasano Associates congratulates the new board members.

The Life Insurance Settlement Association (LISA) recently announced the election of a new slate of Officers to the Board of Directors. The new Officers, elected during a recent Board meeting, are:

• President - Nate Evans, Maple Life Financial, Inc.
• Vice President - John McCarroll, Q Capital Strategies, LLC
• Secretary - Mike Fasano, President, Fasano Associates, Inc.
• Treasurer – Treasurer – Zohar Elhanani, Legacy Benefits, LLC

Each Officer will serve a one year term.

Congratulations to the new Officers!

Developed to be used as a SCREENING TOOL for life settlement acquisitions and to assist individuals in financial planning applications. A "user friendly" tool that does not require the assistance of underwriters OR other professionals to complete. Not a replacement for the "real thing" BUT an inexpensive way to assess case value - easy to use while providing good risk discrimination. To try "ALEC", click on the link in the left sidebar.