The Return of Premium Benefit in Health Insurancebeginning of a qualifying ten-year cycle. The primary purpose of the idea of returning 80 per cent rather ... significant, it needs to be accounted for with some care, and a complex computation of probabilities emerges ...
Description: The purpose of this paper is to analyze several existing versions of the return of premium provision and to attempt to develop a logical critique of the concept, with the object of suggesting certain criteria [cost, equity, and compatibility with the purpose of the basic coverage of the health contract] which could serve as a basis for evaluating the merits of various forms of the provision. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 1, No. 64.Hide
- Authors: E Paul Barnhart, Charles M Beardsley, Willis W Burgess, Niels H Fischer, William A Halvorson, Thomas J Hummel, Henry K Knowlton, Jacob A Lazerson, Douglas O Sanders, W Harold Bittel, William A. White, Edwin L Bartleson
- Date: Nov 1970
- Competency: Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Transactions of the SOA
- Topics: Health & Disability>Health insurance