Life Settlements: What Are The Chances?
The emergence of quantum physics shook up the world of relativity. (The main protagonists were Neils Bohr and Albert Einstein.) This was a clash of two entirely different worlds: the small versus the large. Furthermore, quantum physics, unlike relativity, involved a fuzzy fog of probabilities; this caused Einstein’s famous remark that “God does not play dice.” Quantum physics also involved something even more amazing: instant “teleporting” over vast distances. All of this has parallels to the world of life insurance settlements. Here is how: The emergence of life settlements has shaken up the life insurance industry. Here, too, it’s a case of the small (individual policies) versus the large (the industry itself); and, like quantum physics, life settlements involve a fuzzy fog of probabilities. Trying to teleport through the fog, I made inquiries to providers in the life settlement world; their answers, described below, were revealing. So is the accompanying graph, which shows probabili
