Advanced Underwriting Solutions using same Mortali

Monday, March 30, 2009

Unlike its competitors, Advanced Underwriting Solutions, an Aurora, Colo.-based life expectancy company, said yesterday that it does not plan to lengthen its mortality tables.

21st Services of Minneapolis shook the market last September when it extended its mortality estimates by 20% to 25%, causing policies and portfolios to drop in value. Three other life expectancy companies followed suit by lengthening their forecasts.

"By keeping our mortality tables consistent, we are ensuring that our investors' portfolio of policies remain consistent as well," said Traci Davis, president of Advanced Underwriting, in a statement.

"Over time, our mortality tables may minimally fluctuate based upon experience, however our changes typically won't be more than 4 percent – others have revised their tables by as much as 30 percent," she stated.

The company also said it is offering quick turnaround on life expectancy reports as part of its new provisional life expectancy review program in which Advanced Underwriting directly contacts insureds and gets updated health information over the phone.