Vishaal B. Bhuyan is the Managing Partner of VB Bhuyan & 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 Wave Report, a monthly market commentary on the life markets. Bhuyan is a graduate of the University of Pennsylvania.
List of Contributors.
Foreword by Dennis Gartman.
Part One: Life Settlement Basics.
Chapter 1: A Brief History of Life Settlements (Vishaal B. Bhuyan).
Chapter 2: Features of Life Insurance (Vishaal B. Bhuyan).
Chapter 3: What is a Life Settlement (Dr. David Blake and Debbie Harrison).
Chapter 4: Parties Involved (Vishaal B. Bhuyan).
Chapter 5: Other Involved Parties (Vishaal B. Bhuyan).
Chapter 6: Underwriting (Michael Fasano).
Chapter 7: Life Insurance Policy Swaps (Vishaal B. Bhuyan).
Chapter 8: Premium Financing (Vishaal B. Bhuyan).
Part Two: Securitization.
Chapter 9: Life Settlement Securitization (Emanuel Modu).
Part Three: Analytics and Pricing.
Chapter 10: Life Settlement Pricing (I. James Cavoli).
Chapter 11: Using Life Extension-Duration and Life Extension-Convexity to Value Senior Life Settlement Contracts (Charles A. Stone and Anne Zissu).
Chapter 12: Real Options Approach to Life Settlement Valuation (Joseph R. Mason and Hal J. Singer).
Part Four: Risk Explored.
Chapter 13: Risks Associated with Life Settlements (Nemo Perera).
Chapter 14: The Risks of a Securitized Portfolio of Senior Life Settlement (Charles A. Stone and Anne Zissu ).
Chapter 15: Synthetics (Antony R. Mott).
Part Five: Regulation.
Chapter 16: Life Settlements (Boris Ziser and Joseph Selvidio).
Chapter 17: Regulatory Issues & Insurance Company Reaction (George J. Keiser).
Chapter 18: Tax Implications (Micah W. Bloomfield).
Part Six: Ethical Issues.
Chapter 19: The Ethics of Profiting From Mortality (David Blake and Debbie Harrison).
About the Author.