Life Markets: Trading Mortality and Longevity Risk with Life Settlements and Linked Securities

Foreword by Dennis Gartman.

Preface.

Acknowledgments.

Part One: Life Settlement Basics.

Chapter 1: A Brief History of Life Settlements (Vishaal B. Bhuyan).

Chapter 2: Features of Life Insurance (Vishaal B. Bhuyan).

Chapter 3: What is a Life Settlement (Dr. David Blake and Debbie Harrison).

Chapter 4: Parties Involved (Vishaal B. Bhuyan).

Chapter 5: Other Involved Parties (Vishaal B. Bhuyan).

Chapter 6: Underwriting (Michael Fasano).

Chapter 7: Life Insurance Policy Swaps (Vishaal B. Bhuyan).

Chapter 8: Premium Financing (Vishaal B. Bhuyan).

Part Two: Securitization.

Chapter 9: Life Settlement Securitization (Emanuel Modu).

Part Three: Analytics and Pricing.

Chapter 10: Life Settlement Pricing (I. James Cavoli).

Chapter 11: Using Life Extension-Duration and Life Extension-Convexity to Value Senior Life Settlement Contracts (Charles A. Stone and Anne Zissu).

Chapter 12: Real Options Approach to Life Settlement Valuation (Joseph R. Mason and Hal J. Singer).

Part Four: Risk Explored.

Chapter 13: Risks Associated with Life Settlements (Nemo Perera).

Chapter 14: The Risks of a Securitized Portfolio of Senior Life Settlement (Charles A. Stone and Anne Zissu ).

Chapter 15: Synthetics (Antony R. Mott).

Part Five: Regulation.

Chapter 16: Life Settlements (Boris Ziser and Joseph Selvidio).

Chapter 17: Regulatory Issues & Insurance Company Reaction (George J. Keiser).

Chapter 18: Tax Implications (Micah W. Bloomfield).

Part Six: Ethical Issues.

Chapter 19: The Ethics of Profiting From Mortality (David Blake and Debbie Harrison).

About the Author.

Index.