The Total Disability Provision in American Life Insurance Contracts ... |
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Page 37
... exception of Mr. Hunter's , have been made on a 3 per cent interest basis . The tables indicate the source of the rate of invalidity used in each case and of the rate of mortality among disabled persons ; and the nature of the latter ...
... exception of Mr. Hunter's , have been made on a 3 per cent interest basis . The tables indicate the source of the rate of invalidity used in each case and of the rate of mortality among disabled persons ; and the nature of the latter ...
Page 39
... exceptions all the tables have used rates of mortality after disability , based on actual experience among disabled lives . The effect of introducing this specialized rate of mortality is well shown by comparing Mr. Mead's rates in ...
... exceptions all the tables have used rates of mortality after disability , based on actual experience among disabled lives . The effect of introducing this specialized rate of mortality is well shown by comparing Mr. Mead's rates in ...
Page 42
... are advanced in explanation . The reason given by the actuary of one of the larger companies for making this exception is that the reserves held under a term policy are very small . It is true the risk in [ 42 ] PART II ...
... are advanced in explanation . The reason given by the actuary of one of the larger companies for making this exception is that the reserves held under a term policy are very small . It is true the risk in [ 42 ] PART II ...
Page 44
... exception in the case of renewable term insurance . That the objection is not a serious one , however , and that the cost would not be prohibitive is shown by a study of the rate of mortality among disabled persons as already explained ...
... exception in the case of renewable term insurance . That the objection is not a serious one , however , and that the cost would not be prohibitive is shown by a study of the rate of mortality among disabled persons as already explained ...
Page 46
... exception . Other com- panies make exception only in case of married women and women who have no occupation . Impaired Lives and Hazardous Occupations Sub - standard lives insured under some lien plan , or under a policy different from ...
... exception . Other com- panies make exception only in case of married women and women who have no occupation . Impaired Lives and Hazardous Occupations Sub - standard lives insured under some lien plan , or under a policy different from ...
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Common terms and phrases
31 per cent age sixty aggre American Experience table American life insurance annuity becoming disabled bodily injury cash cent Maccabees invalidity CESSATION OF PREMIUMS companies issue computed default disability and death disability benefit disability clause disability due disability insurance disability occurs disabled aggregate disabled lives disabled persons dividends endowment endowment policies extra premium factors of safety fraternal societies Friendly Societies Hunter indebtedness Institute of Actuaries insurance companies insurance in force Jackson Karup liberal lien loans Mead's rates Mead's tables ment moral hazard mortality among disabled occupation paid panies payable payment of premiums permanent disability Pipe Pipe's policyholder premium benefit premium payments premiums upon disability proof of disability provision rate of mortality rates of disability recovery reserve risk Royal League selling feature Sidney H Society of America special aggregate sum insured surrender value term insurance term policies total and permanent total disability twenty installments waiver of premium
Popular passages
Page 48 - York, that he has become wholly and permanently disabled by bodily injury or disease so that he is and will be permanently, continuously and wholly prevented thereby from performing any work for compensation or profit or from following any gainful occupation...
Page 20 - The Measure of Risk and Liability Under the Total and Permanent Disability Benefits in Life Insurance Policies,
Page 53 - If after one year's premium shall have been paid on this Policy and before default in the payment of any subsequent premium the Insured shall furnish to the Company due proof that...
Page 57 - That any Medical Adviser of the Company shall be allowed to examine the person of the Insured in respect to any alleged permanent total disability, in the manner and at all times that the Medical Adviser may require.
Page 52 - ... of the sight of both eyes: or the total loss of the sight of one eye and the severance of one hand at or above the wrist...
Page 79 - ... such disability, the Company agrees to waive further payment of premiums under said Policy, such agreement to become operative only after endorsement of the same has been made on said Policy by the Company. Any premiums so waived shall not be deducted from the sum payable under said Policy but the waiver of premium payments shall have the effect of providing the same values and benefits as though the premiums waived had been actually paid in cash. It is further provided that notwithstanding proof...
Page 79 - Pai dup and this policy will continue In full force towards maturity, sharing in the profits of the Company among policies of its class, and with loan, cash and other guaranteed values increasing and progressing from year to year, in like manner as if the premiums were being duly and regularly paid by the insured. The total and permanent disability of the insured must be...
Page 53 - If the insured, while less than sixty years of age, after the first premium has been paid to the company on account of this policy, shall furnish due proof to the company while the policy is in full force and effect...
Page 20 - ... a thorough examination which is passed upon by a competent medical board. Hazardous occupations are carefully eliminated and the society does not operate in unhealthful localities such as Arkansas, Louisiana, Mississippi, and similar districts without special action by the Board of Trustees. . . . Its total and permanent disability claims are rigidly passed upon on their merits after a probationary period of six months. " Pipe's Rates Mr. Abb Landis has also made a study of the rates of disability...
Page 21 - Mead," using the data of the Knights of the Maccabees of the World. He used the same data as Mr. Landis, previously referred to, but his investigation extended further and included all the experience of the society from the date of its organization until October 1, 1909, a total of 2,927...