{"product_id":"life-markets-isbn-9780470412343","title":"Life Markets","description":"\u003cp\u003eA complete guide to longevity finance\u003c\/p\u003e \u003cp\u003eAs the Baby Boomer population continues to age and the need for the securitization of life insurance policies increases, more financial institutions are looking towards longevity trading as a solution. Consequently, there is now a need for innovative financial products and strategies that have the ability to hedge longevity exposure for pension funds, reinsurance companies, and governments. These products and strategies are currently being developed with the use of life settlements. Here, author Vishaal Bhuyan provides a complete guide to this burgeoning sector. In \u003ci\u003eLife Markets\u003c\/i\u003e, Bhuyan and a team of expert contributors from leading firms offer an extensive look at how to trade life settlements.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eProvides practical guidance to the growing field of longevity finance\u003c\/li\u003e \u003cli\u003eOutlines the innovative financial products that are populating this field\u003c\/li\u003e \u003cli\u003eHighlights a safe haven for investors seeking returns in troubled times\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eCovering everything from the history of life settlements to making a transaction-pricing, service providers, exchanges, and more-this book contains extensive coverage of the many issues surrounding longevity finance.\u003c\/p\u003e  List of Contributors.  \u003cp\u003eForeword by Dennis Gartman.\u003c\/p\u003e \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One: Life Settlement Basics.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1: A Brief History of Life Settlements (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003eChapter 2: Features of Life Insurance (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003eChapter 3: What is a Life Settlement (Dr. David Blake and Debbie Harrison).\u003c\/p\u003e \u003cp\u003eChapter 4: Parties Involved (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003eChapter 5: Other Involved Parties (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003eChapter 6: Underwriting (Michael Fasano).\u003c\/p\u003e \u003cp\u003eChapter 7: Life Insurance Policy Swaps (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003eChapter 8: Premium Financing (Vishaal B. Bhuyan).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two: Securitization.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 9: Life Settlement Securitization (Emanuel Modu).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three: Analytics and Pricing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10: Life Settlement Pricing (I. James Cavoli).\u003c\/p\u003e \u003cp\u003eChapter 11: Using Life Extension-Duration and Life Extension-Convexity to Value Senior Life Settlement Contracts (Charles A. Stone and Anne Zissu).\u003c\/p\u003e \u003cp\u003eChapter 12: Real Options Approach to Life Settlement Valuation (Joseph R. Mason and Hal J. Singer).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four: Risk Explored.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 13: Risks Associated with Life Settlements (Nemo Perera).\u003c\/p\u003e \u003cp\u003eChapter 14: The Risks of a Securitized Portfolio of Senior Life Settlement (Charles A. Stone and Anne Zissu ).\u003c\/p\u003e \u003cp\u003eChapter 15: Synthetics (Antony R. Mott).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five: Regulation.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 16: Life Settlements (Boris Ziser and Joseph Selvidio).\u003c\/p\u003e \u003cp\u003eChapter 17: Regulatory Issues \u0026amp; Insurance Company Reaction (George J. Keiser).\u003c\/p\u003e \u003cp\u003eChapter 18: Tax Implications (Micah W. Bloomfield).\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six: Ethical Issues.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 19: The Ethics of Profiting From Mortality (David Blake and Debbie Harrison).\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eVISHAAL B. BHUYAN\u003c\/b\u003e is the Managing Partner of VB Bhuyan \u0026amp; Co., an advisory firm focused on educating institutional investors on the life markets. As an advisor, Bhuyan assists institutional investors on building profitable trading strategies that utilize a number of mortality and longevity risk related products. In addition to delivering presentations, Bhuyan has been featured, or published in, a number of widely read financial and economic publications and publishes the \u003ci\u003eWave Report\u003c\/i\u003e, a monthly market commentary on the life markets. Bhuyan is a graduate of the University of Pennsylvania.     \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLIFE MARKETS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eAs the Baby Boomer population continues to age and the need for the securitization of life insurance policies increases, more financial institutions are looking towards longevity and mortality risk trading as a solution. There is a pressing need for innovative financial products and strategies that have the ability to hedge longevity exposure for pension funds, reinsurance companies, and governments. To fill this growing demand in the financial marketplace, products and strategies are being developed with the use of life settlements and linked securities.  \u003c\/p\u003e\u003cp\u003eWritten for professional traders and institutional investors, \u003ci\u003eLife Markets\u003c\/i\u003e offers a comprehensive guide to the growing field of life settlements and linked securities. Life settlements offer innovative financial interactions for elderly individuals who sell their insurance policies to investors for a percentage of the coverage amount—which is greater than the cash surrender value offered by the insurance company that wrote the policy. Given today's volatile stock market, investors are finding life settlements and other related securities to be a safe haven that guarantees them solid returns and a stable financial future.  \u003c\/p\u003e\u003cp\u003eWith \u003ci\u003eLife Markets\u003c\/i\u003e, internationally acclaimed expert Vishaal Bhuyan and a team of coauthors from leading financial institutions, hedge funds, actuarial firms, law firms, and universities provide a complete analysis of the life settlement market and show you how to trade with confidence in this burgeoning market. Comprehensive in scope, \u003ci\u003eLife Markets\u003c\/i\u003e covers a wealth of material touching on everything from the history of life settlements to making a transaction—pricing, service providers, and exchanges. The book also explores regulatory issues and insurance company reaction, tax implications, and examines the ethical issues surrounding profiting from mortality.  \u003c\/p\u003e\u003cp\u003e\u003ci\u003eLife Markets\u003c\/i\u003e is the just-in-time resource that examines the myriad of issues surrounding longevity finance for anyone considering entering this dynamic market.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989528494309,"sku":"NP9780470412343","price":90.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470412343.jpg?v=1761784472","url":"https:\/\/k12savings.com\/products\/life-markets-isbn-9780470412343","provider":"K12savings","version":"1.0","type":"link"}