WASHINGTON--(BUSINESS WIRE)--Fasano Associates announced their development of new mortality tables for the over-65 life settlement market at the BVZL sponsored Life Settlement Conference held in Frankfurt, Germany on February 20th.
Fasano will apply multiple mortality tables that will be a function of the overall mortality rating of the individual being reviewed.
Said Mike Fasano, President of Fasano Associates, “We have undertaken extensive research on mortality in the over-65 market, which shows distinct mortality patterns that vary by the severity, or mortality rating, of the individual’s health condition. These are groundbreaking findings that will allow us to further refine our estimates of life expectancy.”
Fasano’s estimates of life expectancy already are among the most accurate in the business, with two successive independent actuarial studies establishing a 96% Actual to Expected accuracy ratio for Fasano’s life expectancy estimates.
“This will not only help in developing even more accurate life expectancy estimates, but in better predicting the pattern of mortality over time.”
About Fasano Associates:
Fasano Associates is a leading underwriting consulting firm, serving the life, health and life settlement industries.