Summary
The author has developed a formula for the net cost, and the net annual premium, of the “Guaranteed Insurability Rider”. Net annual premiums based on the 1955 – 1960 Mortality Table, combined with the 1958 CSO Table, 3 1/2%, are given. Some practical problems of the rider (underwriting, sub-standard risks, actuarial reserve, reinsurance) are discussed. In an appendix a survey is given of the Canadian Life Insurance market.
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References
- 1).Siehe Prüfungsstoff der “Societyof Actuaries”. Dort — wohl irrtümlich — l[x+n]+t statt l[x]+n+t.Google Scholar
- 2).Siehe:Transaction of the Actuarial Society of America, XX, 406.Google Scholar
Copyright information
© DAV/DGVFM 1966