2023 LIC Final Expense Workshop Agenda

Wednesday, June 7, 2023

1:00 p.m. - 4:15 p.m. - REGISTRATION

1:15 p.m. - 1:45 p.m. - COMMUNITY ENGAGEMENT - Backpacks for Kids

Community Engagement: Backpacks for Kids

To help leave a positive impact on the community where we’re meeting, we’ve partnered with A World For Children Texas adoption center to provide children they serve with backpacks and encouragement. Join us 30 minutes early at the Final Expense Workshop to participate in the “Community Engagement: Backpacks for Kids” session, 1:15-1:45 p.m. on Wednesday June 7. Help decorate backpacks and meet the Executive Director of AWFC, who will give a brief presentation about the program at 1:30 p.m. #MeetingsThatMatter

2:00 p.m. - 2:15 p.m. - WELCOME

2:15 p.m. - 3:15 p.m. - GENERAL SESSION

Leveraging Machine Learning to Optimize Final Expense Profitability

YURI VEOMETT
Senior Vice President
Mutual of Omaha

TRISTAN WALSH
Senior Data Scientist
Munich Re

In this session we will explore the use of advanced data models to identify business that has higher risk of lapse or misrepresentation and ways to proactively manage this business.

3:15 p.m. - 4:15 p.m. - GENERAL SESSION

Excess Mortality Post-Covid and Lead Generation

AL KLEIN, FSA, MAAA
Principal and Consulting Actuary
Milliman

NATHAN WILBANKS
Director, Sales & Marketing Life and Annuity Predictive Analytics Practice
Milliman


This session will cover excess mortality from COVID-19, on both a population and industry basis, what can be expected in the future, and how this may impact companies. In addition, we’ll hear about work Nate Wilbanks and his team have done in trying to identify future life insurance policyholders from outside third-party data and a machine-learning model. This could be a good potential lead generation tool for companies.

4:15 p.m. - SESSIONS ADJOURN FOR THE DAY

6:30 p.m. - 8:30 p.m. - NETWORKING DINNER - Uncle Julio’s Lemmon Avenue

Thursday, June 8, 2023

7:30 a.m. - 8:30 a.m. - BREAKFAST

8:30 a.m. - 9:15 a.m. - Results of a Predictive Model to Analyze the Mortality of Final Expense Products

GUILLAUME DUCHARME, FSA, FICA
Director
Optimum Re Insurance Company

MICHEL HÉBERT, FSA, FICA
Vice President, R&D
Optimum Re Insurance Company

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In this session, we will explain some considerations when building a predictive model to derive a mortality assumption,  share some interesting results and explore additional areas of improvements for future iterations of the model.

9:15 a.m. - 10:00 a.m. - GENERAL SESSION

Trends in Final Expense Lead Generation

MICHAEL RUFFING
Senior Sales Director
Competiscan

There’s been an exponential increase in the volume of e-mail lead generation communications in the Final Expense product category over the last 3 quarters. We will explore this and other trends in Final Expense marketing.

10:00 a.m. - 10:30 a.m. - BREAK

10:30 a.m. - 11:15 a.m. - GENERAL SESSION

Implications of Proposed FCC Guidelines on Text Messages and Lead Generation

BRIAN HAYS
Partner
Locke Lord LLP

Final Expense distributors rely heavily on lead generation for their sales. Learn more about the issue and get your questions answered.

11:15 a.m. - 12:15 p.m. - Final Expense - Past, Present, Future

ERIN ANDERS
Head of Business Development 
Converge Re

ANGEL THOMAS
Senior Vice President, Member Experience
BetterLife

YURI VEOMETT
Senior Vice President
Mutual of Omaha

Attendees can learn from their peer carriers and reinsurance partners how they are addressing challenges, seeing success, and investing for the future.

12:15 p.m. - 1:00 p.m. - NETWORKING LUNCHEON

1:00 p.m. - 2:15 p.m. - Final Expense Facilitated Discussion and Survey Results

The number-one value cited by LIC conference attendees is the ability to participate in open discussions with peers. Get live feedback from the group on your most pressing questions. Topics are submitted by registrants, including: agent management, ideas for encouraging agents to write additional products and prospect for additional leads, changing landscape of IMOs, channel success/failure, lead generation, impact of COVID-19 on mortality and lapse experience, innovation on product designs, market and consumer trends, pricing in this competitive environment, 5- to 10-year outlook for the industry, automated underwriting, vendor tools for Simplified Issue Products.

In addition, participants will be among the first to hear and discuss highlights of LIC’s annual Final Expense Survey Report (2022 Sales Data), to be published in June 2023.

2:15 p.m. - ADJOURN