We analyze the prevailing valuation practices in the life settlement industry based on a
sample of 11 funds that cover a large portion of the current market. The most striking result is …

In this article, we comprehensively analyze open‐end funds dedicated to investing in US
senior life settlements. We begin by explaining their business model and the roles of …

Life settlements may facilitate a more efficient insurance market, generate diversification
benefits to investors, and even provide hedging benefits to Asia life insurers. The literature …

Mortality risk is one of the core risks that life insurers undertake. The uncertain future lifetime
of each insured represents one risk factor, and the dependence structure among these risk …

This article examines the formation of efficient portfolios using mutual funds that invest in life
settlements in combination with fixed-income and equity index funds. We investigate the …

Life settlements have attracted increasing attentions of investors and scholars. This paper
extends the literature by conducting the first analysis of life settlements as a hedging vehicle …

During the economic crisis of 2008, the global economic system came under tremendous
stress due to unusually high activity in the risk spread and volatility in the financial asset …

The author presents an actuarial prognostic model that can disentangle and assess two
complementary modules of longevity risk for death bonds. He tracks the probable paths over …

Longevity risk, the risk that a member of a pension plan or an annuity holder lives much
longer than anticipated, can cause shortfalls in funding for writers of insurance policies …

This study investigates whether the inclusion of life settlement (LS) funds in the formation of
diversified portfolios contributes significantly to the mitigation of market risk and enhances …