Life Assurance Primer: A Text-book Dealing with the Practice and Mathematics of Life Assurance, for Advanced Schools, Colleges, and UniversitiesSpectator Company, 1912 - 230 páginas |
Dentro del libro
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Página 15
... cash , or in the form of reduced sum assured on which no further premiums are payable , or by con- tinuing the assurance at the full amount for a tempo- rary period without payment of premiums . In the United States it is usual to ...
... cash , or in the form of reduced sum assured on which no further premiums are payable , or by con- tinuing the assurance at the full amount for a tempo- rary period without payment of premiums . In the United States it is usual to ...
Página 22
... cash under a Whole Life policy at death , the stipulation may be that $ 1,000 shall be payable at the begin- ning of each year for ten years after the death of the assured , or that $ 500 be payable each year for twenty years . The ...
... cash under a Whole Life policy at death , the stipulation may be that $ 1,000 shall be payable at the begin- ning of each year for ten years after the death of the assured , or that $ 500 be payable each year for twenty years . The ...
Página 24
... cash for educational or business pur- poses when the child attains a specified age . Sometimes it is provided that no return of premiums will be made , but this stipu- lation is far from popular , although it admits of a smaller pre ...
... cash for educational or business pur- poses when the child attains a specified age . Sometimes it is provided that no return of premiums will be made , but this stipu- lation is far from popular , although it admits of a smaller pre ...
Página 28
... cash value available at that time should therefore be resisted . ANNUITIES . The most common form of Annuity is that granted in consid- eration of a cash payment , the company agreeing to pay a fixed sum annually , semi - annually , or ...
... cash value available at that time should therefore be resisted . ANNUITIES . The most common form of Annuity is that granted in consid- eration of a cash payment , the company agreeing to pay a fixed sum annually , semi - annually , or ...
Página 31
... cash , such as annual instalments or an annuity for life . Companies were never bound to issue such forms in other States or countries . Doubtful It was soon proved that the use of standard Benefit . policies was neither advantageous ...
... cash , such as annual instalments or an annuity for life . Companies were never bound to issue such forms in other States or countries . Doubtful It was soon proved that the use of standard Benefit . policies was neither advantageous ...
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Life Assurance Primer: A Text-Book Dealing with the Practice and Mathematics ... Henry Moir Sin vista previa disponible - 2015 |
Términos y frases comunes
accumulation dividend Actuarial addition agents amount annual premium annuity values applicant assets assurance company Assurance contract average basis benefit Britain calculation cash charge claims classes of policies commutation columns Compound Interest computed contract deferred dividend dx+1 earned Endowment Assurance Endowment Policy event of death expenses expression face value fixed form of policy formula frequently half-yearly Home Office increase invested issued lapse laws liability Limited Payment loading loan lx+1 ment method mium mortality table Mutual Companies necessary net premium number living obtained paid-up panies period persons policy value policy-holders practice premium rates premiums paid present value principles probability of living profit protection purchase pure endowment quarterly QUESTIONS ON CHAPTER rate of interest renewal premiums represented result Reversionary selection single premium sum assured surplus surrender value survive symbol taken term assurance terminal values tion usually valuation Whole Life Policy
Pasajes populares
Página 190 - If purchased at par, at the par value; if purchased above or below par, on the basis of the purchase price adjusted so as to bring the value to par at maturity and so as to yield in...
Página 164 - ... with surrender of the policy be applied as a surrender value as agreed upon in the policy, provided that if no other option expressed in the policy be availed of by the owner thereof...
Página 166 - If the reserve upon any endowment policy applied according to the provisions of this section as a single premium of temporary insurance be more than sufficient to continue the insurance to the end of the endowment term named in the policy, and if the insured survive that term, the excess shall be paid in cash at the end of such term, on the conditions on which the original policy was issued.
Página 10 - Any corporation, society, order or voluntary association, without capital stock, organized and carried on solely for the mutual benefit of its members and their beneficiaries, and not for profit, and having a lodge system with ritualistic form of work and representative form of government, and which shall make provision for the payment of benefits in accordance with Section 5 hereof, is hereby declared to be a fraternal benefit society.
Página 163 - ... policy was issued, and shall be applied, as shall have been agreed in the application or policy, either to continue the insurance of the policy in force at its full amount so long as such single premium will purchase temporary insurance for that amount at the age of the insured at the time of lapse or forfeiture, or to purchase upon the same life at the same age paid-up insurance payable at the same time and under the same conditions, except as to payments of premiums, as the original policy.
Página 166 - ... the aforesaid mortality and interest basis, and less any existing indebtedness to the company on the policy or secured thereby. The company may reserve the right to defer the payment of such cash value for not exceeding sixty days after the application therefor is made. The term for which the policy will be continued or the amount of the paid-up policy will be such as the cash value will purchase as a net single premium at attained age of the insured according to the mortality and interest basis...
Página 191 - ... shall have full discretion in determining the method of calculating values according to the foregoing rule, and the values found by him in accordance with such method shall be final and binding; provided, also, that any such...
Página 163 - ... after such lapse or foifeiture, be taken as a single premium of life insurance at the published rates of the corporation at the time the policy was issued...
Página 166 - ... company after December thirty-first, nineteen hundred and seven, the holder thereof, within thirty days after any default in the payment of a subsequent premium, may elect, by a writing filed with the company at its home office, (a) to surrender the policy and, with the written assent of the person to whom it is made payable, receive its value in cash, or (b) take...
Página 163 - Whenever any policy of life insurance issued after January first, eighteen hundred and eighty, by any domestic life insurance corporation after being in force three full years, shall, by its terms, lapse or become forfeited for the nonpayment of any premium or any note given for a premium or loan made in cash on such policy...