Fasano Associates announced the development of multiple mortality tables that will be a function of the overall
mortality rating of the individual to be reviewed.
(Press Release)
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Welcome
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Past Events - November 5, 2008 - 5th Annual Life Settlement Conference Tops 325
Fasano Proposes Best Practices for Life Expectancy Underwriters at its Fifth Annual Life Settlement ConferenceWashington, DC, November 6 -- (Businesswire) -- Michael Fasano, President of Fasano Associates, proposed Best Practices standards for Life Expectancy Underwriters to more than 300 industry participants attending Fasano's Fifth Annual Life Settlement Conference. Fasano called on life expectancy underwriters to retain qualified, independent actuarial firms to conduct regular analyses of Actual to Expected accuracy in a standardized format that would allow meaningful comparisons to other life expectancy underwriters. Said Fasano: "We need more transparency in our industry if we expect to attract investment capital. Life expectancy underwriters have taken a lot of criticism recently - some legitimate and some not. But for our industry to move forward, we have to put our performance out there for review. Investors simply will not tolerate a secretive attitude any longer." A life settlement is the sale in the secondary market of a life insurance policy that no longer meets the needs of the policy owner. Life settlements bring together the capital and insurance markets to provide owners of life insurance competitive market values for their policies. Additional presentations were made by Neil Weidner, Partner of Cadwalader, Wickersham & Taft, Alan Buerger, CEO of Coventry and Dr. John Iacovino, Medical Director of Fasano Associates. Michael Barone, Senior Writer at U.S. News & World Report and Fox Political Analyst, ended the Conference with his views on the impact of the recent elections.
Fasano Announces New Mortality Tables For Over-65 Market
Fasano Associates announced the development of multiple mortality tables that will be a function of the overall
mortality rating of the individual to be reviewed.
New Study Reveals Actual to Expected Ratio of 96%.
A recently released study of Fasano's accuracy in estimating life
expectancies revealed an actual to expected ratio of
96%. The study covered over 20,000 cases evaluated from
the beginning of Fasano's life expectancy business in
2001 until the end of 2005.
Upcoming Speaking Engagements
Past Speaking Engagements
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