21st Services Launches New Product to Help Life Settlement Investors

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21st Services announces an innovative product that gives life settlement investors previously unavailable information to help them make policy purchase and portfolio management decisions.

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The LASR includes information that I would want to know when deciding whether to buy, sell, hold or lapse a life settlement policy.

21st Services today announced an innovative product that gives life settlement investors deeper information to help them make policy purchase and portfolio management decisions.

The Life Analysis Summary Report (LASR) was designed by 21st Services’ CFO and Chief Actuary Vincent Granieri, FSA, MAAA, EA, MBA. It provides investors with previously unavailable information that will help them analyze life settlement policies.

“The LASR includes information that I would want to know when deciding whether to buy, sell, hold or lapse a life settlement policy,” said Mr. Granieri.

The LASR provides investors with several kinds of information:

  • A granular “Actual to Expected” analysis on insureds with similar impairments in 21st Services’ database.
  • Information on key underwriting inputs that are highly predictive of longevity.
  • A chart showing how the insured’s multiplier will change over time if there are no changes in his or her medical condition.
  • A history of all previous life expectancy estimates of the insured in 21st Services’ database, including the range of medical records utilized for each.

Mr. Granieri said, “We analyzed our database which includes nearly 90,000 unique lives and identified several items that are not included in standard industry life expectancy quotes but could be of great value when assessing policies. The LASR, when combined with a 21st Services’ standard Life Expectancy certificate, provides that information to investors.”

The LASR was developed with input from life settlement investors who were looking for more information than standard life expectancy quotes provide, so they could do a more thorough analysis of life insurance policies.

The LASR meets that demand and includes information previously available only to investors who purchased 21st Services’ full data set, as well as information that was previously unavailable to any investors.

“Vince Granieri is a highly regarded actuary within the life settlement and insurance industries,” said Kurt Gearhart, Chief Executive Officer of 21st Services. “Having a report that reflects his assessment of a policy is something investors want. We believe this product will change how investors view policies.”

More information, including sample Life Analysis Summary Reports, is available at http://www.21stservices.com.

About 21st Services

21st Services provides longevity estimates that are used to help investors value life insurance policies in life settlement transactions. 21st Services also offers medical and Rx retrieval services and post-purchase portfolio management services for the life settlement market. The company’s headquarters are in Minneapolis, MN.

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Megan Euteneuer
21st Services
(612) 277-0524
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