Two companies are joining forces to come up with more effective tools for determining how much life insurance policies are really worth.
Life Settlement Financial L.L.C., San Rafael, Calif., says it will be using the Administrator software from Vigilan Inc., Wilsonville, Ore., to analyze anonymized patient data.
Assisted living, independent living and dementia care communities use the Administrator software to assess residents.
Life Settlement Financial believes the system can help it improve life policy valuations, according to Vigilan and Life Settlement Financial.
Life Settlement Financial acquires life policies through partnerships with state health care associations, to serve members’ independent and assisted living communities.
“By tapping into a resident’s care plan and assessment data inside Vigilan, we can better assist clients with an accurate value related to their life insurance policy,” says Peter Mazonas, president of Life Settlement Financial.