Our underwriters estimate the average number of years a person is expected to live based on their age, gender, lifestyle, smoking status, family history and medical conditions (“Underwriting Factors”) found in their medical records. The life expectancy report includes the life expectancy estimate as well as the probability of mortality each year based on the insured’s specific Underwriting Factors. We offer reports for both the secondary and tertiary markets.
List of Primary Factors Impacting Insured's Life Expectancy
SIMPLIFIED LIFE EXPECTANCY UNDERWRITING
We underwrite using the insured’s self-disclosed health history from a questionnaire or a verbal interview. Clients can provide us their own completed medical questionnaires and/or interviews or use our form below. This simplified process has been used as a screening tool for clients, particularly in assessing small face policies.
Use the Same Mortality Tables and Underwriting Methodology As Our Fully Underwritten Report
Quick Turnaround Times; Low Cost
ITM TwentyFirst maintains a proprietary senior mortality database. The comprehensive data set includes information on nearly 90,000 insured seniors, and allows insurers, researchers and life settlement investors to analyze the impact of various impairments, family history and lifestyle factors on senior longevity.
Information Optimal for Advanced Statistical Testing
Over 18,000 Observed Mortalities
MEDICAL RECORD RETRIEVAL
Medical record retrieval begins with an analysis of all medical records for an insured in our database as well as those provided by the client. We avoid ordering medical records from physicians that are unlikely to have information that impacts an insured’s life expectancy, saving our clients potentially hundreds of dollars in copying costs.
Occasionally, facilities will reject the HIPAA authorization sent to them for medical records retrieval. In those cases we reach out to the insured to have the applicable authorization signed, whether it be an updated standard HIPAA or a facility specific authorization.