Underwritingnonmedical procedure on a $10,000 policy does not take care of the extra mortality, and that the use of nonmedical ... disabilities, and the amount and type of medical care received. These data would be obtained from a prob- ...
Description: Discussion of the following underwriting topics: A. In view of the low rates of mortality currently experienced on standard lives, is the standard classification too narrow? B. Do substandard extra premiums at the lower ratings make fair provision for the additional expenses incurred on substandard policies? C. What problems are encountered in issuing life insurance on persons residing outside the continental United States and Canada? D. What changes have been made recently in non-medical selection and why? E. How could greater use be made of mortality or morbidity studies conducted by hospitals, clinics, government agencies, universities and others outside of the life insurance business?Hide
- Authors: Society of Actuaries, Samuel P Adams, David R Anderson, George W Wilson, Charles F B Richardson, Edward A. Lew, Andrew C Webster, Alton P Morton, Josephine W Beers, William J November, Henry F Rood, B. T. Holmes, Barton S Pauley, J B Mabon, Earl M Macrae, Thomas H Kirkpatrick
- Date: Oct 1954
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Transactions of the SOA
- Topics: Experience Studies & Data>Morbidity; Experience Studies & Data>Mortality; Life Insurance>Underwriting - Life Insurance