Community Property: Husband's Selection of Settlement Option under Life Insurance Policy

1961 ◽  
Vol 49 (3) ◽  
pp. 544
Author(s):  
John G. Davies
Keyword(s):  
Life Insurance ◽  
Insurance Policy ◽  
Community Property ◽  
Selection Of

scholarly journals Study of Investors’ Preference for the Selection of an Insurance Product

2021 ◽  
Vol 11 (4) ◽  
Author(s):  
Pradnya Gugale ◽  
Vedashree Mali
Keyword(s):  
Life Insurance ◽  
Test Sample ◽  
Primary Data ◽  
Insurance Policy ◽  
Related Factors ◽  
Statistical Tool ◽  
Investment Funds ◽  
Innovative Products ◽  
Study Zone ◽  
Selection Of

Human Being’s life is the most significant asset and life-insurance is the most significant sort of insurance which gives financial protection to theindividualhimself/herself and to his family at the hour of dubious dangers or harm. Life insurance gives both safety and protection to people and furthermore encourages investment funds among individuals. The present exploratory based investigation was chosen with a target to analyze those factors which impact client’s strategy purchasing choice and furthermore examine the inclinations of clients while making decision about insurance policy investment. Different insurance-related factors have been examined in the paper. Also, the said study has been conducted to know the satisfaction level of the clients and also to know the benefit they have been receiving from the company (if any). The information for the research has been gathered from primary data. The study zone is restricted to Maharashtra state and the test sample is 30 investors. The hypotheses have been based on the basis of demographic and the factors related to the insurance-based preference.factors and tested the same with the help of statistical tool T-test. The analyzed data had been produced in the form of a tables and graphs/charts. Insurance agencies should spread more awareness about life insurance, a decrease in the premium amount, and giving more attention to need-based innovative products are a portion of the recommendations which I would suggest. The paper closes with the segment that factors of the individuals play a significant and essential role in choosing the purchase of insurance policies.

Assessing the Impact of Suicide Exclusion Periods on Life Insurance

Crisis ◽  
2010 ◽  
Vol 31 (4) ◽  
pp. 217-223 ◽  
Author(s):  
Paul Yip ◽  
David Pitt ◽  
Yan Wang ◽  
Xueyuan Wu ◽  
Ray Watson ◽  
...  
Keyword(s):  
Life Insurance ◽  
Accidental Death ◽  
Insurance Policy ◽  
Death Rates ◽  
Insurance Policies ◽  
Suicidal Death ◽  
Insured Individual ◽  
The Impact ◽  
Insurance Data ◽  
The Relationship

Background: We study the impact of suicide-exclusion periods, common in life insurance policies in Australia, on suicide and accidental death rates for life-insured individuals. If a life-insured individual dies by suicide during the period of suicide exclusion, commonly 13 months, the sum insured is not paid. Aims: We examine whether a suicide-exclusion period affects the timing of suicides. We also analyze whether accidental deaths are more prevalent during the suicide-exclusion period as life-insured individuals disguise their death by suicide. We assess the relationship between the insured sum and suicidal death rates. Methods: Crude and age-standardized rates of suicide, accidental death, and overall death, split by duration since the insured first bought their insurance policy, were computed. Results: There were significantly fewer suicides and no significant spike in the number of accidental deaths in the exclusion period for Australian life insurance data. More suicides, however, were detected for the first 2 years after the exclusion period. Higher insured sums are associated with higher rates of suicide. Conclusions: Adverse selection in Australian life insurance is exacerbated by including a suicide-exclusion period. Extension of the suicide-exclusion period to 3 years may prevent some “insurance-induced” suicides – a rationale for this conclusion is given.

Life Insurance Policy in Developing Countries (An Indepth Discussion in the Nigerian Context)

2009 ◽  
Author(s):  
Bernard Enya Edu ◽  
Orok Ekpo Orok-Duke ◽  
George Akpan Ekott
Keyword(s):  
Developing Countries ◽  
Life Insurance ◽  
Insurance Policy

Life Insurance Policy Solutions Developed Using Android

2020 ◽  
Author(s):  
Abhishek Beloshe ◽  
Bilal N Shaikh Mohammad
Keyword(s):  
Life Insurance ◽  
Insurance Policy ◽  
Policy Solutions

Selection of Risks for Life Insurance

1932 ◽  
Vol 63 (2) ◽  
pp. 173-217 ◽  
Author(s):  
Arthur Hunter
Keyword(s):  
Board Of Directors ◽  
Life Insurance ◽  
Medical Director ◽  
Rating System ◽  
Sufficient Knowledge ◽  
Numerical Rating ◽  
Selection Of

The method of selecting risks has undergone radical changes during the span of one man’s lifetime. In the early days of my experience all proposals for life insurance were submitted to a Board of Directors which consisted mainly of landed proprietors, lawyers and accountants. They were assumed to have sufficient knowledge to determine which lives should be accepted, which should be rejected and which should be charged an extra premium, with the aid of the medical adviser and of the actuary. The former was usually a prominent physician who based his judgment on impressions and observations, and the latter on the meagre statistics then in existence. Contrast that with the method in use in the principal American companies at the present time. The majority of the proposals are not submitted to a medical director, actuary or underwriter, but are passed upon by lay reviewers with or without the use of a numerical rating system. Experience has shown that such a practice is safe, as in one-half or more of the proposals there is nothing of moment against the risk, and, unless the amount of insurance is large, the time of experts can be given with greater advantage to the more difficult types of cases.

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