Life Industry Concerns to be Addressed at Life Settlement Conference Hosted by Fasano Associates
WASHINGTON–(BUSINESS WIRE)–Oct. 6, 2005–Fasano Associates announced today that it will host its Second Annual Life Settlement Conference on Monday, November 7, 2005 at its headquarters in Washington, DC. The conference will address regulatory, financing and other issues affecting the growth of life settlement market.
A life settlement is the sale in the secondary market of a life insurance policy that no longer meets the needs of the policy owner. Life settlements bring together the capital and insurance markets to provide owners of life insurance competitive market values for these policies. The life settlement market is a multi-billion dollar market that has nonetheless raised concerns among the traditional life insurance industry.
“We decided to address the legitimate concerns of the life insurance industry in this year’s conference to start a dialogue that I believe will be constructive for both life and life settlement industries,” said Michael Fasano, President of Fasano Associates.
Life industry concerns will be addressed by Linda Lanam, Vice President of the American Council of Life Insurers, and Alfred W. Redmer, Jr., Commissioner, Maryland Insurance Administration. The life settlement industry perspective will be presented by Nate Evans, CEO of Maple Life Financial, a leading purchaser of life settlements.
In addition, there will by presentations on Securitization of Life Settlements by Jay Eisbruck, Vice President of Moody’s Investors Service and on Privacy Issues affecting Medical Records by Oscar Marquis, Esq., of Oldaker, Biden & Belair.
Jochen Russ, Managing Director of a leading German actuarial firm, will make a presentation on Evaluating Life Expectancies; and Dr. John Iacovino, Medical Director of Fasano Associates, will address the impact implantable defibrillators have had on life expectancy.
