miles menander dawson
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Principles of Insurance Legislation
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3/5
Book digitized by Google from the library of the University of Michigan and uploaded to the Internet Archive by user tpb.
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Elements of Life Insurance
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Book digitized by Google from the library of the New York Public Library and uploaded to the Internet Archive by user tpb.
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The Business of Life Insurance
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3.5/5
Book digitized by Google from the library of the New York Public Library and uploaded to the Internet Archive by user tpb.
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Book list
Principles of Insurance Legislation
Series:
Unknown
Year:
Unknown
Raiting:
3/5
Book digitized by Google from the library of the University of Michigan and uploaded to the Internet Archive by user tpb.
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Elements of Life Insurance
Series:
Unknown
Year:
Unknown
Raiting:
3.5/5
Book digitized by Google from the library of the New York Public Library and uploaded to the Internet Archive by user tpb.
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The Business of Life Insurance
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Unknown
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Unknown
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3.5/5
Book digitized by Google from the library of the New York Public Library and uploaded to the Internet Archive by user tpb.
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various derived tables one life american experience tables of mortality
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the development of insurance mathematics two lectures delivered before the stu
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the business of life insurance
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER HI ASSESSMENT LIFE INSURANCE The description which has been given of the simple mathematical principles of life insurance will enable us to consider the claims of a form of life insurance which not inaptly might be called unbusinesslike life insurance. It is known as assessment life insurance. At one time, not very long ago, institutions which furnished protection on this plan transacted fully one-half the entire life insurance of the United States; but of late the decline of this business has been marked. The errors of the plan have shown themselves in actual practice. Some of the companies have reorganised as regular insurance companies on the level premium basis, not without hardships to their poli- cyholders; others, being unable or unwilling to reform their methods, have failed. Yet others still continue upon the old plans, being given a longer lease of life than their fellows because of one or other extraneous interference with the normal operation of the plan. ASSESSMENT LIFE INSURANCE 23 Among the institutions which have longest been able to withstand the evil effects of the erroneous plan are the fraternal insurance societies, although they were the first to introduce it. This is due to two things, viz.: the extraordinary economy and efficiency of their democratic system of management, and the vitality which the loyalty and strong interest of their individual members give to them. On this account, also, they find it easier to pass over to sound plans than have assessment societies, which were conducted more nearly like business companies. The fraternal societies as a whole are now in the midst of such readjustment,, some just entering upon it, some preparing to do so, and others just emerging. In spite of this, they are each year showing a large increa...
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practical lessons in actuarial science an elementary text book containing als
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elements of life insurance
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: SOME FEATURES PECULIAR TO LIFE INSURANCE. The contract of insurance is called a policy. The word is from the Italian word for lottery ticket. The monetary consideration for the insurance is called a premium, which word, in Latin, means "bonus" or "prize." The fixing of rates of premium in all branches of insurance was at first necessarily pure guess-work. In some cases, fortunately, the rates were guessed high enough or too high, in which latter case nothing was required but to adjust the premiums suitably; and in either case there was no interruption of the successful course of the business. In other instances, the first rates were guessed too low, and, such is the perversity of human nature, the displeasure and distrust of men were visited on those forms of insurance, instead of merely upon the poor guessing. This was because failure attended the first companies that essayed such branches of insurance. Life insurance premiums, fortunately, were guessed high enough by the first regular company, the "Old Equitable," of London, that undertook whole life insurance for a level premium. On the contrary, the prices of life annuities were guessed too low; and, if the institutions guaranteeing them had not been solvent governments and life insurance companies which earned on their life insurance policies sufficient profit to offset annuity losses, the sale of annuities would doubtless have been seriously checked. The rates for sickness or health insuranceit is known by both nameswere also guessed toolow at first, and the business has suffered from the results of that circumstance to this day. In all branches of insurance, it has come to be recognized, though in some much earlier than in others, that proper rates of premium are to be found by combining statistics and by appl...
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assessment life insurance a treatise showing the origin development and condit
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- Books
- Professional & Technical / Engineering / Industrial, Manufacturing & Operational Systems / Manufacturing
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- Books / Voyages and travels
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- Nonfiction / Social Sciences / Sociology
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