I think this is much more reasonable and fits
the actual mortality experience much better.
Not exact matches
However, the
mortality rate (i.e. the ratio of
actual to expected deaths)
experienced to date has been less than 50 % — which clearly suggests assumed LEs were too short (though TLI's small portfolio / sample size should be noted).
2 Dividends are a return of premium and are based on the
actual mortality, expense, and investment
experience of the Company.
Typically, insurers calculate the revised premium by accounting for the
actual mortality, interest and expenses
experienced.
A refund of the part of the life insurance premium that reflects the difference between the amount charged on the premium and the combination of
actual mortality, investment
experience, and expense.
Reversionary bonus is not a guaranteed benefit and it depends on the
actual experience with respect to the investment return,
mortality, expenses, etc..