Michael L' Frank Aquarius Capital

1
Society of ActuariesAn Inside View of Life
Settlements(Session 138 PD)

• Michael L. Frank Aquarius Capital
• New York City
• November 16, 2005

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Types of Services

• Actuarial Valuations
• Development of Pricing Models
• Portfolio Valuations
• Brokering Consulting
• First Time Life Settlement Policies
• Intermediary Services for Portfolios
• Product Development Consulting
• Financing

3

• Who are potential clients?

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Organizations in Life Settlements

• Client - Insured, Policyholder Beneficiaries
• Referring Party
• Life Settlement Broker
• Life Settlement Provider
• Life Settlement Funder
• Reinsurers
• Medical Underwriting

5
Opportunities Resulting from Disputes

• Evaluate a portfolio in receivership
• Actuarial valuation
• Intermediary services
• Provide opinions on insurance practices
• Handle quantitative analysis to measure disputes
• Disputes at different levels of the life
  settlement food chain

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• Open Discussion

7
Thank you
Michael L. Frank, ASA, MAAA, FCA President
Actuary Aquarius Capital Phone (914)
933-0063 E-Mail michael.frank_at_aquariuscapital.co
m Websites www.aquariuscapital.com
www.aquariuslife.com