How to Get Evidence Admitted or Re-admitted by Use of Rule 703: The Advantages of a Life Expectancy Using Life Insurance Underwriting and Life Settlement Methods in the Legal Setting

Whitepaper

TASA ID: 2409

The advantages of a life expectancy using life insurance underwriting and life settlement methods include:

1.  Extreme accuracy.  A life expectancy using life insurance underwriting and life settlement methods is extremely accurate, which can affect millions of dollars in judgments or awards.  This approach addresses the inadequacy of life expectancies that are simply taken from a life table or estimated by a doctor, actuary or biostatistician.  Medical conditions such as smoking, heart disease, diabetes and cancer will shorten a life expectancy, as well as substance abuse.  Risky behavior such as motorcycle riding and motor vehicle violations can also reduce a life expectancy.  A life expectancy using life insurance underwriting and life settlement methods is specific to each individual’s medical conditions, substance abuse and risky behavior.

 2.  Accuracy with limited or no discovery.  While cases that involve wrongful death, personal injury or medical malpractice may have full discovery, which allows for an extremely accurate life expectancy, an accurate life expectancy can still be produced for cases with limited or no discovery.  Such cases may involve employer benefits and similar administrative proceedings.  A simple medical examination or any available medical records can be sufficient for an accurate life expectancy.

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