The news articles posted on this website are not adopted or endorsed by GWG Holdings, Inc. and do not represent the opinions or views of GWG. GWG belives that readers may find these articles useful or interesting.
By ksssann, allvoices.com
Want to live a long, healthy life? Stay in school. According to a recent study from the MacArthur Foundation Research Network on an Aging Society, there is a definite correlation between longevity and the number of years of education. Previous studies have given a strong indication that education can be a factor in life span, but this new report reinforces and updates these findings, along with some causes for concern. Continue Reading…Posted: August 27, 2012
By Amir Khan, International Science Times
Many Americans live a sedentary lifestyle, and by doing so, may be decreasing their life expectancy by as many as two years, according to a new study, published in the journal BMJ Open. Previous studies have indicated that too much sitting is dangerous for your health, but this study is the first to put a quantitative measurement on just how bad it is. Continue Reading…Posted: July 20, 2012
Principals of leading life insurance asset manager, Madison Strategic Partners discussed the investment opportunity and history of the life and longevity insurance market as general sponsor of Opal Financial Group’s Family Office & Private Wealth Management Forum which took place between July 18 – 20 in Newport, RI. Continue reading…Posted: July 26, 2011
by Kathleen Doheny
The life expectancy in most counties in the U.S. lags substantially behind those in the nations with the best life expectancy, according to a new report. Continue reading…Posted: July 6, 2011
Members of an American Academy of Actuaries (AAA) work group say any new life expectancy projection guidelines should go through a formal Actuarial Standards Board development process. Continue reading…Posted: June 30, 2011
by Oliver Suess, Carolyn Bandel and Kevin Crowley
Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK) and JPMorgan Chase & Co. (JPM), which bundled and sold billions of dollars of mortgage loans, now want to help investors bet on people’s deaths. Continue reading…Posted: May 23, 2011
by David Rawson-Mackenzie
Longevity as an asset class bears many resemblances to fixed income in that both have a fixed maturity value and anticipated maturity and return. However, compared to a traditional bond portfolio, it is less sensitive to credit risk and short term interest rate movement but as its name suggests, longevity risk lies with the reference lives living longer than expected. With its low correlation to markets, longevity can bring a new dimension to complement any fixed income portfolio. Continue reading…Posted: April 5, 2011
With a shifting investor landscape and new market dynamics, life settlement and longevity investments have emerged as an attractive alternative asset class for the private equity investor. Capital has yet to flow into this asset class as it has in more traditional asset classes; these markets are poised for growth. Continue reading…Posted: February 25, 2011
The Insurance Studies Institute, headquartered in Keystone CO, has been quite prolific in recent months. In addition to presenting the keynote address at the 4th Life Settlements and Longevity Summit, they have been writing and releasing industry-relevant papers on a (near) weekly basis. Last week, for example, ISI distributed a paper titled Evolution of Life Expectancies in the Life Insurance Secondary Market…Current Trends and New Developments. From the press the release:
[this paper] provides readers with an in-depth look at the challenges and risks inherent to this business, the different methodologies employed by various providers, the critical nature and utilization of mortality tables, and the developments on the horizon that may increase the accuracy of LE evaluations via more sensitive and responsive systems.
The paper is available for download here: Evolution of Life Expectancies in the Life Insurance Secondary Market…Current Trends and New Developments
To coincide with the LE Paper, Christopher Kampa, Director of Research at ISI, has published a 3-part series on The Convergence of The Insurance and Capital Markets. Part I, entitled “A Broad Overview,” delves into the evolution of Insurance-Linked Securities (ILS). Part II, entitled “Non-Life Utilization of Insurance-Linked Securities,” provides an overview of the non-life insurance-linked security sector, from the first securities issued – catastrophe bonds – to derivatives and synthetic securities. Part III, to be released in August 2010, will closely examine developments in the market for life insurance-linked securities. [UPDATE: Part III was released today. Link Below]
Wm. Scott Page, of the Lifeline Program, recently wrote a piece for FIN Alternatives. He depicts the current state of the Life Settlement industry, what to look for while investing in the asset class, and how to properly manage and value a portfolio. Clearly Wm. Scott Page has an insiders perspective of the industry, but he objectively outlines the characteristics of legitimate organizations with the industry. Overwhelming, his outlook for the industry is positive.
Although the difficulties of the life settlement industry over the last few years are well publicized, and, in many cases, self inflicted, the industry is poised for meaningful growth into a mainstream asset class that delivers healthy returns for investors and provides a valuable service to consumers.
The entire article is available HEREPosted: August 6, 2010
Selling commissions range from 0.50% to 5.00% of the principal amount of debentures sold, depending on the debentures' maturity dates. GWG pays Arque Capital additional underwriting compensation ranging from 2.00% to 3.00% of the principal amount of debentures sold depending on the debentures' maturity dates. Such additional underwriting compensation consists of a dealer manager fee, a wholesaling fee (payable only to wholesaling dealers), and an accountable and non-accountable expense allowance. Arque Capital will share its commissions and non-accountable expense allowance with other dealers who may participate in the offering. The total amount of the selling commissions and additional underwriting compensation paid to Arque Capital and any other FINRA member in the course of offering and selling the debentures will not exceed 8.00% of the aggregate amount of the debentures sold.
An investment in Renewable Secured Debentures may be considered speculative and subject to a high degree of risk, including the risk of losing your entire investment. The information provided herein does not constitute an offer to buy securities or the solicitation of an offer to sell securities. Renewable Secured Debentures are not available in the following states: AL, AK, AR, MD, NC, OH, OK, PA, TN, TX. Elevated suitability restrictions apply in the following states: AZ, IA, ID, KS, KY, MA, ME, NE, NM, ND, NJ, OR, SC, WA. An offer to sell securities can only be made by a Prospectus, pursuant to a registration statement, and any amendments thereto, then effective and on file with the Securities and Exchange Commission ("SEC"). Investors must read the entire Prospectus for investment conditions, risk factors, minimum requirements, fees and expenses and other pertinent information with respect to the Renewable Secured Debentures in order to obtain the information essential to making an informed investment decision. Risks may include, but are not limited to, GWG’s limited operating history, lack of liquidity or a secondary market, continued low interest rates, subordination to senior debt, actuarial experience, among other factors. The secondary market for life insurance policies is new and relatively unproven. Changes to the actuarial assumptions or development of the secondary market for life insurance policies may have an adverse effect on Renewable Secured Debentures, resulting in a potential loss of principal. Similarly, the deterioration of credit quality of life insurance carriers may cause the inability for a carrier to make a payment on the underlying life insurance policies which would have an adverse impact on Renewable Secured Debentures. Certain restrictions apply to this investment including, but not limited to, geographic availability, investor suitability, redemptions prior to maturity and assignment prohibitions. No dealer, broker, salesperson, or other person has been authorized by GWG to give any information or to make any representation other than as contained in the Prospectus, and, if given or made, such other information or representations must not be relied upon as having been authorized by GWG. No statement found herein is incorporated by reference into the Prospectus, and no statement herein constitutes any part of the Prospectus. GWG is under no obligation to update any information included herein. The information and expressions of opinions are subject to change without notice and speak only as of the respective dates in which they are made.
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