Life expectancy calculations are the driving force behind all offers for life settlements. A life expectancy is an estimate on how long an individual will live. Now by no means is this an exact science, but several companies specialize in predicting how long someone will live.
The top companies that specialize in life expectancy calculations are AVS and 21st Services. While there are several others, these are the two giants that drive the industry. Their primary focus is creating life expectancy reports that are used by the buyers of life insurance policies to predict how long they can expect to wait until they can collect death proceeds.
The life expectancy calculations also help the buyers of policies plan on many premium payments they should expect to pay. By knowing how much premium they have to pay, they can make an offer based on the projected return they want to make.
For more information on life expectancies and how they affect offers on your policies, please click the LIVEpdq.