Elements of Life Insurance (Classic Reprint) - Softcover

Inhaltsangabe

Explore the inner workings of life insurance, from how premiums and expenses are calculated to how non-forfeiture provisions evolved to protect policyholders. This concise, analyst-friendly guide sheds light on the history, methods, and practical effects of policy design.

This edition delves into the economics behind life policies, including how surplus is determined, how dividends are allocated, and why surrender values and extended insurance matter to both insurers and insured. It presents clear explanations of concepts that affect the true value of a policy over time, without overwhelming you with technical jargon.

• How premiums cover mortality, expenses, and reserves, and what that means for a policy’s cost


• Why surrender values and paid‑up insurance became standard features


• How surplus and dividends are calculated and distributed among policyholders


• Historical reforms that shaped modern non-forfeiture provisions

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