Life Information Logistics was formed to address the problem of excessive time, effort, money and opportunity costs expended on activities related to life underwriting for older age insureds, structured settlement annuitants, and other life underwriting efforts. Although LIL is not a life expectancy underwriter, it does provide a suite of complementary services to enable life expectancy underwriting.
While the majority of resources operating in the life settlement marketplace are devoted to the life insurance policy itself, the life or lives covered by the policy are the fundamental driver of outcomes for investors. By providing a secure online platform called LifHub, LIL assists industry participants in identifying, filtering, acquiring, reviewing, evaluating, and using information and analyses derived from it.
Currently the life settlement industry spends thousands of personnel hours and millions of dollars in an effort to identify and qualify eligible insureds. The businesses in the space, however, produce vastly different forms of output labeled as the same using a variety of single-service vendors. Not only are most of these efforts slow, expensive, grossly duplicative and uncoordinated, but decisions made based on these approaches are very often random, haphazard, and unreliable. The personnel costs alone are excessive, and unnecessary, but old habits persist.
LIL represents a comprehensive, customizable solution. Contact us today to learn more.