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3 Cards in this Set
- Front
- Back
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What is the three factors for life insurance rate making? |
Mortality, interest, and expenses. |
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Name two formulas for how premiums are calculated |
1. Mortality- interest= pure rate 2. Pure rate+expenses= gross rate |
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What are dividends? |
Participating policies are usually a whole life policy that pays dividends. The dividend is a portion of the insurance company's profits that are paid to policyholders as if you were an investor or stockholder. The policyholder is generally offered several choices of what to do with the dividends when they are paid |
