Description: These are responses to Richard Ziock's work, Gross Premiums for Term Insurance with Varying Benefits and Premiums.

Description: In this paper a model of term insurance experience is constructed on the basis of mortality classes theory and utility theory. The model generates a complete set of mortality, withdrawal, and conversion rates on term insurance and of mortality rates on converted policies . The resulting decrement rates can be used in a Jenkins-type formula to calculate gross premiums.