Life insurancecontracts and most personal accident insurance contracts are non-indemnity contracts. You may purchase a life insurance policy of $1 million, but that does not imply that your life's value is equal to this dollar amount. Because you can't calculate your life'snet worthand fix a...
Also keep in mind that insurance companies offer high teaser rates to entice buyers—to get them in the door—but these rates don't last long. They can be quickly followed by far lower rates for the life of the annuity contract. The way around this issue is to require the annuity seller...
Traditional participating life insurance contracts with year-to-year (cliquet-style) guarantees have come under pressure in the current situation of low interest rates and volatile capital markets, in particular when priced in a market consistent valuation framework. In addition, such guarantees lead ...
Participating life insurance contractsRisk-neutral valuation of life insuranceValuation of embedded investment guaranteesPurpose - The purpose of this paper is to show how an insurance company can maximize the policyholder's utility by setting the level of the interest rate guarantee in line with his ...
Empower your business with these practical guides to key processes around contracts, eSignature, document automation, integrations and more.
Empower your business with these practical guides to key processes around contracts, eSignature, document automation, integrations and more.
Never agree to a loan contingent onpurchasing any add-on, such as extended warranties, after-market services or gap insurance. Be aware of these add-ons, especially if you apply at a buy-here, pay-here dealership. In most cases, they are wrapped up in the loan — meaning you pay inter...
If you have the desire to get contracts for construction, you need to be sensitive about particular issues like detailed description of the job, parties involved, payment options and cost. You also have to take note about important dates, site preparation, permits, insurance, warranties and many...
Many consumers receivesignificant valuefrom their home warranties, says Annie Hanna Engel, president and chief operating officer ofHoward Hanna Insurance Services. “We often talk about the claim dollars paid out to our consumers in different states to show the value of home warranties overall,” sh...
Empower your business with these practical guides to key processes around contracts, eSignature, document automation, integrations and more.