WO2007092698A3 - Method of valuation of life settlements and optimizing premium financing - Google Patents

Method of valuation of life settlements and optimizing premium financing Download PDF

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Publication number
WO2007092698A3
WO2007092698A3 PCT/US2007/061268 US2007061268W WO2007092698A3 WO 2007092698 A3 WO2007092698 A3 WO 2007092698A3 US 2007061268 W US2007061268 W US 2007061268W WO 2007092698 A3 WO2007092698 A3 WO 2007092698A3
Authority
WO
WIPO (PCT)
Prior art keywords
future
unit
premium
valuation
point
Prior art date
Application number
PCT/US2007/061268
Other languages
French (fr)
Other versions
WO2007092698A2 (en
Inventor
Leslie W Logsdon
Ian Sidney Cotton
Andrew J Walter
R Laken Mitchell
Original Assignee
Life Settlements Funds Ltd
Leslie W Logsdon
Ian Sidney Cotton
Andrew J Walter
R Laken Mitchell
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Life Settlements Funds Ltd, Leslie W Logsdon, Ian Sidney Cotton, Andrew J Walter, R Laken Mitchell filed Critical Life Settlements Funds Ltd
Priority to US12/162,909 priority Critical patent/US20090204442A1/en
Publication of WO2007092698A2 publication Critical patent/WO2007092698A2/en
Publication of WO2007092698A3 publication Critical patent/WO2007092698A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance

Abstract

The present invention proposes to integrate mortality table analysis and the future premium burden thereby creating a unit net asset value ('Unit NAV') for investors holding a unit in the fund. A major component of Unit NAV in a viatical and life settlement transaction is the amount of expected premium burden yet to be paid during the anticipated lifetime of the insured. The future premium burden is in essence the 'measure of risk' associated with the policy. As time passes, the predictability of paying future premiums is related to the cumulative mortality curve to a point in time. By determining the remaining cumulative mortality curve, the probability of having to pay the future premiums can be determined, and, incorporating these two elements into the valuation model, the anticipated 'incremental value' at any point in time can be calculated. A determination can be made as to whether to use internal or external premium financing. Another point of novelty is that the proposed method simultaneously satisfies two different requirements of valuation adopted by the Financial Accounting Standards Board.
PCT/US2007/061268 2006-02-02 2007-01-30 Method of valuation of life settlements and optimizing premium financing WO2007092698A2 (en)

Priority Applications (1)

Application Number Priority Date Filing Date Title
US12/162,909 US20090204442A1 (en) 2006-02-02 2007-01-30 Method of valuation of life settlements and optimizing premium financing

Applications Claiming Priority (4)

Application Number Priority Date Filing Date Title
US76664206P 2006-02-02 2006-02-02
US60/766,642 2006-02-02
US87708207P 2007-01-29 2007-01-29
US60/877,082 2007-01-29

Publications (2)

Publication Number Publication Date
WO2007092698A2 WO2007092698A2 (en) 2007-08-16
WO2007092698A3 true WO2007092698A3 (en) 2007-12-06

Family

ID=38345863

Family Applications (2)

Application Number Title Priority Date Filing Date
PCT/US2007/061268 WO2007092698A2 (en) 2006-02-02 2007-01-30 Method of valuation of life settlements and optimizing premium financing
PCT/US2007/061272 WO2007092699A2 (en) 2006-02-02 2007-01-30 Method of valuation of life settlements and optimizing premium financing

Family Applications After (1)

Application Number Title Priority Date Filing Date
PCT/US2007/061272 WO2007092699A2 (en) 2006-02-02 2007-01-30 Method of valuation of life settlements and optimizing premium financing

Country Status (1)

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WO (2) WO2007092698A2 (en)

Families Citing this family (1)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
CN111047452B (en) * 2019-11-22 2023-10-03 泰康保险集团股份有限公司 Insurance expense settlement data processing method and device, medium and electronic equipment

Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20020138387A1 (en) * 2001-01-12 2002-09-26 Citadel Investment Group, L.L.C. Method and apparatus for maintaining a uniform net asset value per share or unit
US20040064391A1 (en) * 2002-09-26 2004-04-01 Jeffrey Lange Method and system for life settlement contract securitization and risk management
US20040193631A1 (en) * 1999-08-06 2004-09-30 Hiroya Kumashio System for document management and information processing
US20050060209A1 (en) * 2003-07-22 2005-03-17 Hill Charles Frederick Method and system for insuring longer than expected lifetime
US20050182670A1 (en) * 2004-02-18 2005-08-18 Burgess Steven A. Methods for reducing and eliminating risk exposure in life insurance transactions

Family Cites Families (6)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7401036B2 (en) * 2000-03-27 2008-07-15 Vande Pol Mark E Free-market environmental management system having insured certification to a process standard
US6603546B1 (en) * 2000-07-21 2003-08-05 I.S.S. (Usa) Inc. Rapid high throughput spectrometer and method
AU2002211617A1 (en) * 2000-10-06 2002-04-15 Oakley E. Van Slyke Liquid insurance contracts
US7117060B2 (en) * 2001-01-26 2006-10-03 International Business Machines Corporation Method of improving production through cost of yield measurement
US7386527B2 (en) * 2002-12-06 2008-06-10 Kofax, Inc. Effective multi-class support vector machine classification
US6999935B2 (en) * 2003-09-30 2006-02-14 Kiritharan Parankirinathan Method of calculating premium payment to cover the risk attributable to insureds surviving a specified period

Patent Citations (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20040193631A1 (en) * 1999-08-06 2004-09-30 Hiroya Kumashio System for document management and information processing
US20020138387A1 (en) * 2001-01-12 2002-09-26 Citadel Investment Group, L.L.C. Method and apparatus for maintaining a uniform net asset value per share or unit
US20040064391A1 (en) * 2002-09-26 2004-04-01 Jeffrey Lange Method and system for life settlement contract securitization and risk management
US20050060209A1 (en) * 2003-07-22 2005-03-17 Hill Charles Frederick Method and system for insuring longer than expected lifetime
US20050182670A1 (en) * 2004-02-18 2005-08-18 Burgess Steven A. Methods for reducing and eliminating risk exposure in life insurance transactions

Also Published As

Publication number Publication date
WO2007092699A2 (en) 2007-08-16
WO2007092698A2 (en) 2007-08-16
WO2007092699A3 (en) 2008-03-20

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