Since the acceleration amount is being paid prior to actual time of death, a discount factor is applied, based on our assumption
of future mortality for the qualifying condition.
Chronic Illness claims due to a temporary condition have no change
in future mortality, and the discount factor and future premium reduction described may be greater than the acceleration amount elected.
The probability of a future payment is based on assumptions about the person's
future mortality which is typically estimated using a life table.
«Overall, climate change is projected to have substantial adverse impacts
on future mortality, even considering only a subset of the expected health effects,» the agency said in its latest «Quantitative Risk Assessment of the Effects of Climate Change on Selected Causes of Death.»
The analysis, recently published in PLOS Medicine, reveals that all frailty scores are associated
with future mortality, and that some are linked to cardiovascular disease but none to cancer.
While many life insurance policies provide that the insurance carrier may increase policy charges under specified circumstances (generally defined broadly by reference to the company's expectations
regarding future mortality, investment, expense and persistency experience), this discretion is very rarely exercised.
Both reports also seize on the WHO's April 2009 revision of its criteria on what constitutes a pandemic, which removed the need for an assessment of the «severity» of the disease, based on estimates
of future mortality.
«Climate change is likely to have a substantial negative impact
on future mortality, even under optimistic scenarios,» Dr Springmann continued.
«Even if one assumes that the relationships between climatic variables and mortality used in this study are valid,» Goklany concludes, «considering the cumulative effect of the shortcomings noted above, the methodologies and assumptions used by the WHO inevitably exaggerate
the future mortality increases attributed to global warming, perhaps several-fold.»
«Climate change is likely to have a substantial negative impact on
future mortality, even under optimistic scenarios,» Dr Springmann says.
Adjusted for socioeconomic factors, the excess mortality estimates ranged from 1,736 to 2,889, and discounting the costs of
that future mortality for the length of time before occurrence, arrived with a point estimate of the present cost of this mortality of $ 41.846 billion.