Life Assurance Primer: A Text-book Dealing with the Practice and Mathematics of Life Assurance, for Advanced Schools, Colleges and UniversitiesHine, 1907 - 188 من الصفحات |
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عبارات ومصطلحات مألوفة
accumulated accumulation dividend Actuaries addition America American Experience Table amount ance annual premium annuity values applicant assets assurance companies Assurance contract assurance payable average basis beneficiary benefit Britain calculation cash classes of policies Compound Interest computed Continued Payments dividend effect Endowment Assurance Endowment Policy eral event of death expenses expression face value fixed form of policy formula frequently half-yearly income increase invested issue liability lifetime Limited Payment loading loan ment method mium mortality amongst mortality table net premium number living obtained paid-up period persons policy contract policy value policy-holders practice present value principle probability of living profits protection purchase Pure Endowment quarterly rate of interest represented result Reversionary selection single premium sum assured surplus surrender value survive survivor taken term assurance terminal values tion usually valuation Whole Life Policy
مقاطع مشهورة
الصفحة 15 - Any corporation, society, order or voluntary association, without capital stock, organized and carried on solely for the mutual benefit of its members and their beneficiaries, and not for profit, and having a lodge system with ritualistic form of work and representative form of government, and which shall make provision for the payment of benefits in accordance with Section 5 hereof, is hereby declared to be a fraternal benefit society.
الصفحة 148 - ... reserve on such policy computed according to the American experience table of mortality at the rate of four and one-half per cent, per annum shall, on demand made, with surrender of the policy within six months after such lapse or foifeiture, be taken as a single premium of life insurance...
الصفحة 148 - ... policy was issued, and shall be applied, as shall have been agreed in the application or policy, either to continue the insurance of the policy in force at its full amount so long as such single premium will purchase temporary insurance for that amount at the age of the insured at the time of lapse or forfeiture, or to purchase upon the same life at the same age paid-up insurance payable at the same time and under the same conditions, except as to payments of premiums, as the original policy.
الصفحة 149 - ... so long as such surrender value will purchase nonparticipating temporary insurance at net single premium rates by the standard adopted by the company, at the age of the insured at the time of lapse or forfeiture...
الصفحة 148 - Whenever any policy of life insurance issued after January first, eighteen hundred and eighty, by any domestic life insurance corporation after being in force three full years, shall, by its terms, lapse or become forfeited for the nonpayment of any premium or any note given for a premium or loan made in cash on such policy...
الصفحة 149 - ... named in the policy on the conditions on which the original policy was issued, and provided further that any attempted waiver of the provisions of this paragraph in any application, policy or otherwise, shall be void, and provided further that any value allowed in lieu thereof shall be at least equal to the net value of the temporary insurance or of the temporary and pure endowment insurance herein provided for. The term of temporary insurance herein provided for shall include the period of grace,...
الصفحة 149 - If the reserve upon any endowment policy applied according to the provisions of this section as a single premium of temporary insurance be more than sufficient to continue the insurance to the end of the endowment term named in the policy, and if the insured survive that term, the excess shall be paid in cash at the end of such term, on the conditions on which the original policy was issued.
الصفحة 149 - ... said company in accordance with section eighty-four of this chapter, together with the value of any dividend additions upon said policy, after deducting any indebtedness to the company and one-fifth of the said entire reserve, or the sum of two and...
الصفحة 41 - It is generally supposed that he used the mortality statistics deduced from the experience of the Mutual Life Insurance Company of New York as his basis, but these figures were inadequate at the older ages and accordingly he must have arbitrarily adjusted the table. It has been very much used, and has grown...
الصفحة 148 - Mortality at the rate of four and one-half per centum per annum, shall, on demand made in writing, with the surrender of the policy within three months after such lapse or forfeiture, be taken as a single premium of life insurance at the published rates of the corporation at the time the policy was issued, and shall be applied, as shall have been agreed in the application or policy, either to continue the insurance of the policy in force at its full amount...