Disability benefits in conjunction with life assurance policies

1949 ◽  
Vol 8 (03) ◽  
pp. 121-146
Author(s):  
H. F. Purchase
Keyword(s):  
Disability Insurance ◽  
Disability Benefits ◽  
Mild Form ◽  
The Past ◽  
Life Assurance ◽  
The Subject

Disability Insurance is a subject which has at various times found a place in the proceedings of the Faculty and Institute of Actuaries, but only on rare occasions at our own proceedings. The present paper does not present anything new on the subject but has been written with the object of providing an opportunity of considering and discussing a form of insurance which, in some form or other, is transacted by most Life Offices in this country. Most Life Offices will only issue a somewhat mild form of the insurance, that is, the Waiver of Premium benefit, but even if we are not usually concerned with more than this form of the insurance, it is felt that a discussion of the principles involved would be of value.Considering the number of eminent actuaries who have, at various times, stated that they would like to see an extension of the writing of Disability Insurance, it is somewhat surprising that more of the business has not been written in this country. The reasons for the neglect are not far to seek. First, there are very real administrative difficulties involved including the difficulty of obtaining suitable statistics on the subject. A large part of the present paper is taken up with a discussion of these difficulties. Secondly, there is the unfortunate experience of our American colleagues who have in the past lost considerable sums of money in their Disability Accounts. This experience has led a large number of American Offices to cease to transact the more liberal forms of benefit.

The Inclusion in Life Contracts of Sickness and Accident Benefits

1928 ◽  
Vol 3 (02) ◽  
pp. 105-112
Author(s):  
L. M. Butt
Keyword(s):  
Disability Insurance ◽  
Disability Benefits ◽  
Middle Classes ◽  
The Public ◽  
Life Assurance ◽  
Recent Growth ◽  
The Future ◽  
Sickness Benefits ◽  
The Subject ◽  
Made In

The subject of Disability and Sickness benefits in conjunction with Life Assurance is of recent growth. The only occasions when the Members of the Institute have had the matter before them appears to have been in 1911 when a paper was read by W. C. Fielder before this Society, and in 1924 when a discussion took place at one of the General Meetings of the Institute.The immense strides that have been made in America in the last five years, and the latent interest aroused in this country, as reflected by the amount which has been written in Insurance publications will, I hope, justify a discussion of the subject once more.It will not be out of place to quote the following from a recent number of The Review:“The attitude of British Actuaries on this question (Sickness and Disability benefits) is perhaps best described as one of neutrality. Were circumstances to force them to a decision for, or against, it would seem probable that many would be antagonistic. In the meantime, so long as they are not forced into open hostility they are prepared to ignore the business as much as possible. This is, of course, no more than an impression gathered from conversations here and there, and odds and ends of information that have come to hand from time to time. We imagine, however, that it comes fairly near to being an accurate statement of the case. If that be so then we can but regret it. The value of Disability Insurance to the public is so great, the amount of suffering it could eliminate so large that were Actuaries busily engaged in searching for the means of making it universally available the middle classes might look to the future with greater confidence.”

Canadian Mortgages Regarded as a Field for the Investment of the Funds of British Life Assurance Companies, with Some General Notes on Canadian Indebtedness

1915 ◽  
Vol 49 (1) ◽  
pp. 33-89
Author(s):  
Arthur Digby Besant
Keyword(s):  
Academic Interest ◽  
Distant Future ◽  
The Past ◽  
Life Assurance ◽  
Financial Conditions ◽  
The Subject ◽  
The Moment ◽  
Past Summer

In the course of the past summer I visited Canada, partly with a view to investigating upon the spot the opportunities which the Dominion might afford for mortgage investments, and partly in order to gain, at first hand, knowledge of the general financial conditions of the country.The subject is one of great importance, and although the outbreak of war may have rendered all questions of new investments of purely academic interest for the moment, yet I hope that the following notes will be of interest to the Institute, and may be turned to some practical use in a not distant future.

Extra Risks.

1963 ◽  
Vol 17 (03) ◽  
pp. 260-278
Author(s):  
H. J. Jarvis
Keyword(s):  
The Past ◽  
Life Assurance ◽  
The Subject

The purpose of this paper is not to consider the specific ratings that should be imposed on life assurance policies where the proposer is not acceptable at ordinary rates, but rather the methods used and problems involved in translating assessments of extra mortality into monetary terms. At times the two problems overlap so the division is not an absolute one.The subject has been covered at various times in the past both at the Institute and the Faculty; since the war the subject has attracted more attention at the Faculty with papers by T. M. Springbett and then S. C. Keppie and A. C. Stepney (both inT.F.A.19), but there is also the well-known paper by W. Perks (J.I.A.78). An earlier paper is by W. P. Elderton (J.I.A.54).

Errors in Age

1913 ◽  
Vol 6 ◽  
pp. 263-354
Author(s):  
John A. Rankin
Keyword(s):  
Human Life ◽  
Minor Importance ◽  
Careful Attention ◽  
The Public ◽  
The Past ◽  
Life Assurance ◽  
The Subject ◽  
Made In ◽  
Do So

The subject is one which may seem of somewhat minor importance, but, on investigation, it will be found that, even under present-day conditions, it requires careful attention by life assurance offices and by all societies and funds which have liabilities depending upon the duration of human life. As an illustration of its importance it may be mentioned that it is well known that statements of ages made in the past by the public for the purposes of census and death returns contain a considerable number of errors, both intentional and unintentional: and it can readily be understood that life assurance offices would certainly involve themselves in serious loss if they dispensed with satisfactory proof of age. Were they to do so the resulting errors in age would be relatively far in excess of the corresponding errors contained in census returns, owing to the monetary advantages which could be gained by understating the age at the date of effecting a policy of assurance, and to these advantages acting as an incentive to fraud. Accordingly, it is recognised by all life assurance offices—though not always by their assured—that proof of age is a requirement which must be complied with before payment of a claim.

Debentures of Trading Companies as Investments for Life Assurance Funds, considered in their Legal and Financial Aspects

1899 ◽  
Vol 34 (5) ◽  
pp. 421-474
Author(s):  
Arthur Rhys Barrand
Keyword(s):  
The Past ◽  
Life Assurance ◽  
The Poor ◽  
The Future ◽  
Good Woman ◽  
The Face ◽  
The Subject

The subject I have chosen for my paper is one which needs no apology for its introduction to this Institute, closely connected as it is with one of the most pressing problems which those responsible for the management of a life assurance office have to deal with at the present time. It is, no doubt, difficult, in the face of the eager competition which has to be encountered, to increase the business of an office; but it is scarcely less difficult to satisfactorily invest the surplus arising from the premiums when they are obtained. One is reminded of the picture which appeared a few years ago in Punch, in which a Dean, importuned for alms by a beggar, exclaims, “Ah, my good “woman, it is not the poor only who have their troubles; you, “for instance, have probably never experienced the difficulty of “finding investments, combining adequate security with a “remunerative rate of interest”! It is probable that she had not, but it is equally probable that the actuary of every assurance company in this country has already experienced the difficulty, and is likely to experience it increasingly in the future. The investments which, in the past, have found favour with life assurance companies, have not increased in proportion to the increase of the funds to be invested.

Pakistan’s Development: Successes, Failures, and Future Tasks (Presidential Remarks)

1997 ◽  
Vol 36 (4I) ◽  
pp. 321-331
Author(s):  
Sarfraz Khan Qureshi
Keyword(s):  
Indian Subcontinent ◽  
General Meeting ◽  
The Past ◽  
Past Half Century ◽  
The Social ◽  
The Subject ◽  
Golden Jubilee ◽  
Freedom Movement ◽  
Past Half ◽  
Do So

It is an honour for me as President of the Pakistan Society of Development Economists to welcome you to the 13th Annual General Meeting and Conference of the Society. I consider it a great privilege to do so as this Meeting coincides with the Golden Jubilee celebrations of the state of Pakistan, a state which emerged on the map of the postwar world as a result of the Muslim freedom movement in the Indian Subcontinent. Fifty years to the date, we have been jubilant about it, and both as citizens of Pakistan and professionals in the social sciences we have also been thoughtful about it. We are trying to see what development has meant in Pakistan in the past half century. As there are so many dimensions that the subject has now come to have since its rather simplistic beginnings, we thought the Golden Jubilee of Pakistan to be an appropriate occasion for such stock-taking.

TARP DVIEJŲ KOLONŲ: XVIII A. PABAIGOS – XIX A. PRADŽIOS VILNIAUS MASONŲ KASDIENYBĖ SIMBOLIKOJE

2018 ◽  
pp. 144-163
Author(s):  
Daiva Milinkevičiūtė
Keyword(s):  
Daily Life ◽  
The Other ◽  
Daily Routine ◽  
The Past ◽  
Secular World ◽  
National Characteristics ◽  
Conservative Christian ◽  
The Subject ◽  
The One ◽  
Craft Guilds

The Age of Enlightenment is defined as the period when the universal ideas of progress, deism, humanism, naturalism and others were materialized and became a golden age for freemasons. It is wrong to assume that old and conservative Christian ideas were rejected. Conversely, freemasons put them into new general shapes and expressed them with the help of symbols in their daily routine. Symbols of freemasons had close ties with the past and gave them, on the one hand, a visible instrument, such as rituals and ideas to sense the transcendental, and on the other, intense gnostic aspirations. Freemasons put in a great amount of effort to improve themselves and to create their identity with the help of myths and symbols. It traces its origins to the biblical builders of King Solomon’s Temple, the posterity of the Templar Knights, and associations of the medieval craft guilds, which were also symbolical and became their link not only to each other but also to the secular world. In this work we analysed codified masonic symbols used in their rituals. The subject of our research is the universal Masonic idea and its aspects through the symbols in the daily life of the freemasons in Vilnius. Thanks to freemasons’ signets, we could find continuity, reception, and transformation of universal masonic ideas in the Lithuanian freemasonry and national characteristics of lodges. Taking everything into account, our article shows how the universal idea of freemasonry spread among Lithuanian freemasonry, and which forms and meanings it incorporated in its symbols. The objective of this research is to find a universal Masonic idea throughout their visual and oral symbols and see its impact on the daily life of the masons in Vilnius. Keywords: Freemasonry, Bible, lodge, symbols, rituals, freemasons’ signets.

Performance Management Transformation

2020 ◽  
Keyword(s):  
Organizational Performance ◽  
Performance Management ◽  
High Performance ◽  
Best Practice ◽  
Call To Action ◽  
Daily Work ◽  
The Past ◽  
Great Debate ◽  
The Subject ◽  
New Research

No other talent process has been the subject of such great debate and emotion as performance management (PM). For decades, different strategies have been tried to improve PM processes, yielding an endless cycle of reform to capture the next “flavor-of-the-day” PM trend. The past 5 years, however, have brought novel thinking that is different from past trends. Companies are reducing their formal processes, driving performance-based cultures, and embedding effective PM behavior into daily work rather than relying on annual reviews to drive these. Through case studies provided from leading organizations, this book illustrates the range of PM processes that companies are using today. These show a shift away from adopting someone else’s best practice; instead, companies are designing bespoke PM processes that fit their specific strategy, climate, and needs. Leading PM thought leaders offer their views about the state of PM today, what we have learned and where we need to focus future efforts, including provocative new research that shows what matters most in driving high performance. This book is a call to action for talent management professionals to go beyond traditional best practice and provide thought leadership in designing PM processes and systems that will enhance both individual and organizational performance.

scholarly journals Shopping Centres, Cycling Accessibility and Planning—The Case of Nova Lund in Sweden

Urban Science ◽  
2020 ◽  
Vol 4 (4) ◽  
pp. 70
Author(s):  
Till Koglin ◽  
Lucas Glasare
Keyword(s):  
Conflicts Of Interest ◽  
Current Situation ◽  
Decision Makers ◽  
Power Structures ◽  
Literature Study ◽  
Shopping Centre ◽  
The Past ◽  
Whole Process ◽  
The Subject

This paper evaluates the history and cycling accessibility of Nova, a shopping centre established in Lund, Sweden, in 2002. The current situation was also analysed through observation and a literature review. Moreover, the study conducted a closer analysis of the history and role of the municipality based on further literature study and interviews with officials. The conclusion of the analysis indicates poor and unsafe bikeways caused by conflicts of interest between politicians, officials, landowners and the general public. It also depicts a situation in which the municipality’s master plan has been ignored, and, in contrast to the local goals, cycling accessibility at Nova has seen no significant improvement since the shopping centre was first established. The reasons for this, arguably, are a relatively low budget for bikeway improvements in the municipality, as well as a situation in which decision-makers have stopped approaching the subject, as a result of the long and often boisterous conflicts it has created in the past. Lastly, it must be noted that it is easy to regard the whole process of Nova, from its establishment to the current situation, as being symptomatic of the power structures between drivers and cyclists that still affect decision-makers at all levels.

scholarly journals Teaching Science in Today’s Society: The Case of Particle Physics for Primary Schools

Universe ◽  
2021 ◽  
Vol 7 (6) ◽  
pp. 169
Author(s):  
Cristina Lazzeroni ◽  
Sandra Malvezzi ◽  
Andrea Quadri
Keyword(s):  
Particle Physics ◽  
Primary Schools ◽  
Scientific Information ◽  
Decision Makers ◽  
Educational Institutions ◽  
The Public ◽  
The Past ◽  
Rapid Changes ◽  
The Subject ◽  
Ongoing Project

The rapid changes in science and technology witnessed in recent decades have significantly contributed to the arousal of the awareness by decision-makers and the public as a whole of the need to strengthen the connection between outreach activities of universities and research institutes and the activities of educational institutions, with a central role played by schools. While the relevance of the problem is nowadays unquestioned, no unique and fully satisfactory solution has been identified. In the present paper we would like to contribute to the discussion on the subject by reporting on an ongoing project aimed to teach Particle Physics in primary schools. We will start from the past and currently planned activities in this project in order to establish a broader framework to describe the conditions for the fruitful interplay between researchers and teachers. We will also emphasize some aspects related to the dissemination of outreach materials by research institutions, in order to promote the access and distribution of scientific information in a way suited to the different age of the target students.

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