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Critical Illness Rider for Individual Insurance

Critical Illness Rider for Individual Insurance The purpose of this paper is to outline the development of a critical illness rider to be launched on a guaranteed level term product. The paper ...
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Description: The purpose of this paper is to outline the development of a critical illness rider to be launched on a guaranteed level term product. The paper addresses the following topics: market needs analysis, design considerations, benefit design, pricing assumption, and development of pricing model and pricing results, including sensitivity testing.
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- Authors: WENDY SIU LUI LEE
- Date: Jan 2007
- Competency: Technical Skills & Analytical Problem Solving>Innovative solutions; Technical Skills & Analytical Problem Solving>Problem analysis and definition
- Publication Name: Actuarial Practice Forum
- Topics: Health & Disability>Critical illness insurance; Life Insurance

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Critical Illness Rider for Individual Insurance