Life settlement investment companies are in the business of knowing how long you will live. Their entire investment model involves predicting the life expectancy of a group of individuals and how much premiums they will have to pay before they collect the death proceeds.
If the calculations are off by a couple years, it could mean the difference of millions of dollars to the life settlement investment companies.
The life settlement investment companies spend a lot of resources on getting an accurate determination on how long people will live and what is the best way to pay the premiums for the life insurance policies. Once they are confident how long someone will live, they can design a model on how to most efficiently pay the minimum amount of premiums to the life insurance company. By doing this, they will be able to make a much higher return on their investment.
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