Mortality Rates as a Function of Lapse Ratesthe Study data and compared with Bests results. Direct comparison is not straightforward, however. Differences ... underwriting. There is little evidence of a direct relationship between lapses and the changes in ...
Description: The differences between select and ultimate insurance mortality are usually explained in terms of: 1. deterioration of a person's physical condition which occurs due to aging, and 2. anti-selection which occurs as some policyholders allow their coverage to lapse [i.e., those policyholders who find their health has become poor keep their coverage, while those who remain healthy discontinue their insurance]. This paper explores the differences in mortality between companies related to the differences in lapse rates of the companies.Hide
- Authors: Application Administrator, John M Bragg, David G W Bragg
- Date: Jan 1999
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Actuarial Research Clearing House
- Topics: Experience Studies & Data>Mortality