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Old 02-23-2009, 09:11 PM
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KobetheActuary KobetheActuary is offline
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Default Working for a Life Settlement Company?

Have any actuaries done any life settlement work? What do you think of this line of work? Also, how is this work looked at if say you worked for a life settlement company for a couple of years and tried to look for another job after it? I'm guessing that you would be blacklisted by insurance companies if you were to do this type of work. If that's the case, what are someone's career options after they do life settlement work? What career options are available to them?

Thanks,
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Old 02-23-2009, 09:27 PM
DW Simpson DW Simpson is offline
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Originally Posted by KobetheActuary View Post
Have any actuaries done any life settlement work? What do you think of this line of work? Also, how is this work looked at if say you worked for a life settlement company for a couple of years and tried to look for another job after it? I'm guessing that you would be blacklisted by insurance companies if you were to do this type of work. If that's the case, what are someone's career options after they do life settlement work? What career options are available to them?

Thanks,
Here are some useful discussions: http://www.actuarialoutpost.com/actu...1&postcount=55
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Old 02-24-2009, 12:45 AM
eagle_halo eagle_halo is offline
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Originally Posted by KobetheActuary View Post
Have any actuaries done any life settlement work? What do you think of this line of work? Also, how is this work looked at if say you worked for a life settlement company for a couple of years and tried to look for another job after it? I'm guessing that you would be blacklisted by insurance companies if you were to do this type of work. If that's the case, what are someone's career options after they do life settlement work? What career options are available to them?

Thanks,
You don't know much about life settlement. If you do, you would not say insurance companies will blacklist you. =P

Before answering your question, I want to say something why an insurance company will not blacklist you. There are a lot of reasons why they did not (cannot, or do not want to) stop the life settlement industry. For example, if they try to compete with the life settlement firms by buying back their own policies (with a much higher price than cash value), how should they do it if the block has reinsured to someone? How should they treat it in accounting for such a transaction? Why not just participate in the life settlement industry by buying up other companies' policies and treat it as an investment?

Career options are vast, try to think of how this business correlates to the market return.
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Old 02-24-2009, 01:37 PM
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KobetheActuary KobetheActuary is offline
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Thanks for the responses and the advice! It was much appreciated!
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Old 02-24-2009, 01:52 PM
DW Simpson DW Simpson is offline
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Also see

http://insurancenewsnet.com/article....640084c9d0e737

http://online.wsj.com/article/SB1233...googlenews_wsj
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