Sentences with phrase «mortality experience»
"Mortality experience" refers to the overall pattern or data of how many people in a specific group or population are dying or have died during a particular time period. Full definition
It might work out that these carriers will be in better shape on mortality experience on the new business they are writing.
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Also, insurers who have launched term insurance products in recent years have the benefit of a few years of mortality experience in the Indian market as well as updated mortality tables.
I think this is much more reasonable and fits the actual mortality experience much better.
Sources of surplus include conservative pricing, mortality experience more favorable than anticipated, excess interest, and savings in expenses of operation.
As treatments improve and the success and mortality experience improves, expect to see underwriting changes follow for breast cancer survivors.
Because men, smokers and bush pilots don't have the same mortality experience as their counterparts.
These guarantees are based primarily on mortality experience, company performance and interest rates that the company earns on it's money.
This difference in treatment explains a large part of the 15 percent higher mortality experienced by African - American patients than non-Hispanic white patients.
Consistently adhering to moral underwriting practices makes SBLI a respected banking institution, and the overall mortality experience has been excellent.
Annuity underwriting losses reflect the periodic discount accretion of the discounted liabilities established for such contracts as well as adjustments for mortality experience.
The 7 yr forward mortality experienced from Sep 30th 2006 (my estimate: 38 mortalities) works out around at 30 % of the initial lives insured (which I make 123 after adjusting for later policy - sales and 1 policy addition), whereas the CDC 2008 (white male / female) data predicts 59 % for the 7 yr forward mortality rate at the average age which was 84 in Sept 2006.
Some of those changes are in investment earnings, persistency, expenses and even mortality experience.
They're true and the whole idea of investment returns riding on mortality experience is just stinking sick.
Consistently adhering to moral underwriting practices makes SBLI a respected banking institution, and the overall mortality experience has been excellent.
«No comprehensive information has been published on the mortality experience of U.S. Gulf War era veterans after the year 2000,» according to the report.
I was mesmerized by the seemingly cheap valuation and actuarial studies that indicated that mortality experience was a little better than expected.
Each year, any surplus in the group's mortality experience and investment returns would be distributed equally among the 85 + cohort through lump sum «bonus» payments.
Edward Petersmarck, national sales consultant with M&O Marketing, was kind enough to break the process down in an example (in this case, someone buying a twenty - year term): «The life insurance actuaries determine the cost of insurance for each of the twenty years in the term based on the insured's age, gender, medical history, lifestyle risk factors and his mortality experience.
* Actual * mortality experience to date for TLI is * much * lower than the CDC national averages would imply.
Mortality Experience The rate at which persons insured by a specific company (or under a given policy) have died or are assumed to die.
Term life insurance policyholders are able to adjust their premiums in accordance with changes in expenses, investment earnings and mortality experience.
The premium is determined by the current estimate of any future investment earnings and the mortality experience.
Premiums may rise or fall based on projected changes of investment earnings, mortality experience, persistence, and expenses.
Edward Petersmarck, national sales consultant with M&O Marketing, was kind enough to break the process down in an example (in this case, someone buying a twenty - year term): «The life insurance actuaries determine the cost of insurance for each of the twenty years in the term based on the insured's age, gender, medical history, lifestyle risk factors and his mortality experience.
Mortality experience, reinsurance, cost of capital, administrative costs and lapse rates do not obviously favor indexed universal life.
The company sets the initial premium based upon its current estimate of future investment earnings and mortality experience and retains the contractual right to reevaluate its original estimates to increase or decrease your premium payments later.
The plan targets well educated people thus the mortality experience in term plan is good.
These could include investment earnings, mortality experience, persistency and expenses.
Posted in guarantee, insurance, life insurance, universal life Tagged assumed, assumptions, cash value, company performance, conversion, current, guaranteed, insurance, interest, life insurance, lifetime coverage, misrepresentation, mortality experience, surrender charge, term, term / ul, universal life, whole life 3 Responses
An agent thinks they need to present the lowest price to win the business of a client and the only way they can lower the price and keep the same face amount is by putting all of the weight of the policy on assumptions about interest, mortality experience and company performance as opposed to putting the health of the policy all in the guaranteed column.
Depends on the group size, mortality experience and risk profile including occupation of the group.
As treatment for all types of cancer have improved, life insurance underwriters have been forced to re-evaluate their guidelines for different types of treatment and how the mortality experience has actually changed.
Assumptions are based on the company, their investments, interest rates and mortality experience being as good as or better than they were when the policy was put in force.
Many life insurance companies are changing the way they view diabetes and recognizing that there is a substantial difference in the mortality experience between those who choose to meet the challenges of being diabetic head on and those -LSB-...]
The perceived risk they care about is mortality risk or mortality experience, not the amount of the death benefit.
Posted in A1c, diabetes, insurance, life insurance, Type 2 diabetes Tagged A1c, blood pressure, diabetes, diet control, high blood pressure, insurance, life insurance, mortality experience, preferred plus rate class, term life insurance, Type 2 diabetes
Many life insurance companies are changing the way they view diabetes and recognizing that there is a substantial difference in the mortality experience between those who choose to meet the challenges of being diabetic head on and those who aren't that concerned.
In general the life insurance underwriter wants to know if you are actively increasing your mortality experience by having a good time.
Posted in children's life insurance, diabetes, insurance, life insurance Tagged ADA, burial policies, children's life insurance, civic duty, conversion, convertible, free life insurance, insurance, JDRF, life insurance, Mass Mutual, mortality experience, PR, Type 1 diabetes, Type 2 diabetes
According to this expert, in the first five years conversions are primarily for the first reason, financial planning, and the mortality experience really isn't much different than that of a person who originally purchased a no lapse guarantee UL.
Today with more sophisticated detection and treatment the mortality experience has changed on a lot of fronts, and none more so than HIV positive.
Now, in a world where we have the knowledge and tools to detect cancer earlier, and treatment methods that allow us to cure many types of cancer, insurance companies have taken a refreshing new view of at least some types of cancer and have concluded that within certain parameters (stage, grade and treatment), the mortality experience is getting very close to what the average person would have absent the cancer at all.
It provides a mechanism to help reduce the under - reporting of deaths among indigenous peoples in official statistics, and allows adjustment of historical data to obtain improved estimates of the mortality experience of indigenous peoples.
Record linkage provides a mechanism to help reduce the under - reporting of deaths among indigenous peoples in official statistics, and allows adjustment of historical data to obtain improved estimates of the mortality experience of indigenous peoples.