Thursday, March 31, 2016
Easily generate credible life expectancy estimation reports using CLA LE Estimator, the new life expectancy estimation tool from Cambridge Life Analytics
Cambridge Guarantee, a recognised leader in the longevity and life settlement market sector, announces the release of its new life expectancy estimation tool. Developed by its in-house medical underwriting and actuarial departments, CLA LE Estimator is designed to automatically generate credible and scientifically backed life expectancy estimation reports on individual and joint lives based on specific health and medical data.
CLA LE Estimator is the latest addition to the Cambridge Life Analytics (CLA) secure online software suite designed specifically for the life insurance and life settlement markets. Results generated by CLA LE Estimator are comparable to those seen in the life settlement industry and provide the means to gain valuable insights into both the potential life expectancy of an individual for life insurance planning purposes and the viability of potential life settlement investments.
Sean Quinn, CEO at Cambridge Guarantee, said “The aim of CLA LE Estimator is to provide an additional resource to both the life insurance and life settlement markets, to further enhance the understanding of the potential of life policies, whether as part of estate and financial planning or as a potential investment. We aim to provide a cost-effective way for users to gain an insight into estimated life expectancy as part of the decision process on the merits of obtaining a formal underwriting from a specialist firm.”
Available on a flexible subscription basis without costly or lengthy contracts, users of the estimation tool will benefit from:
• Unlimited case estimations
There is no limit to the number of cases that can be created or life expectancy estimation reports generated and downloaded using CLA LE Estimator within a subscription period.
• In-depth medical conditions and stages
CLA LE Estimator incorporates 132 different medical conditions, their associated stages, complications, treatments and combined effects.
• Credible reporting
Extensive testing has shown a very strong correlation with results generated by leading life expectancy underwriting firms*.
• Flexibility in report generation
CLA LE Estimator allows users to save and revisit existing reports in order to implement amendments and adjustments as required. Completed case life expectancy estimation reports are made available to download and save.
• System integration – Inbuilt API allows for integration with users’ own systems.
Cambridge Life Analytics offer a suite of life settlement software packages for life expectancy estimation, premium optimization, analysis and valuation of life settlement and life insurance policies. CLA LE Estimator can be accessed as a standalone product or as part of the other packages available within the suite.
For more information about CLA LE Estimator, to request a demonstration or to learn about the CLA software suite, please visit https://www.cambridgelifeanalytics.com.
*It must be noted that this feature is not designed to replace a full medical review and life expectancy underwriting by a specialist firm. It is designed solely to provide an indication of the potential life expectancy of the insured and should only be used when assessing a case’s merits before submission to a specialist life expectancy underwriting firm.
FOR FURTHER INFORMATION CONTACT:
Tel: +44 (0)845 362 0370
CG Web Systems Ltd.
Cambridge Guarantee Group
12 Lower Brook Street
Ipswich, IP4 1AP