Life settlements (LSs) can be considered a novel and innovative financial asset in countries
where they are not yet established. This paper aims to assess the attitude (ATT) of …

With the largest data set ever used for this purpose (covering more than 1 million contracts),
we analyze the impact of product and policyholder characteristics on lapse in the life …

This paper studies the determinants of lapse in the German life insurance industry. Logistic
regression models are employed using data on macroeconomic indicators and company …

Many policyholders surrender their life insurance policies early, leading to substantial
monetary losses for private households. Surrender can be explained rationally if it …

We analyze the effects of life insurance settlement on insurance contract design, the
insurer's profit and welfare. Policyholders face not only mortality risks but also …

Several life contingency agreements are based on the assumption that policyholders have
impaired life expectancy attributable to factors, such as lifestyle, social class, or preexisting …

The most significant market for life settlements (LSs) is the US LSs are not present in some
European countries, such as Spain, and can therefore be seen as a novel and innovative …

We analyze how the life settlement market—the secondary market for life insurance—may
affect consumer welfare in a dynamic equilibrium model of life insurance with one-sided …

We analyze the prevailing valuation practices in the life settlement industry based on a
sample of 11 funds that cover a large portion of the current market. The most striking result is …

In this article, we comprehensively analyze open‐end funds dedicated to investing in US
senior life settlements. We begin by explaining their business model and the roles of …