First Year Lapse and Default Rates - Paper and Discussionrates and not-taken rates on a block of standard direct Ordinary poli- cies recently paid for in the Lincoln ... 6. Mode---mode of premium payment. 7. Monthly--direct monthly mode as distinguished from government ...
Description: This paper, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., provides the results of an experience study of first year lapse and “default” rates on ordinary insurance, where the author, Norman F. Buck, has defined “default” rate as a rate including the sum of first year lapses, not takens, and cancellations as of the issue date. The paper includes written discussion and the author’s review of the discussion. From the 1960 Transactions Vol. 12, No. 33.Hide
- Authors: Norman F Buck, Ernest J Moorhead, E James Morton, Charles F B Richardson, James C H Anderson, Neil W Macintyre
- Date: May 1960
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
- Publication Name: Transactions of the SOA
- Topics: Life Insurance>Policyholder behavior - Life Insurance