In this article, we identify key characteristics and implications of the secondary market for life
insurance. We examine the oldest secondary market, which is the market in the United …

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 …

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 …

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 …

Life settlement, a transaction whereby the policyholder of a life insurance policy sells the
future proceeds of the policy to a third party investor, has established itself as a legitimate …

In this paper, we identify key characteristics and implications of the secondary market for life
insurance. We examine the oldest secondary market, which is the market in the United …

Life insurance as one of the practical financial instruments in conventional finance and
Shariah-approved contracts, has been very important. The thesis is aimed at solving one of …