Economics, Econometrics and Finance
6 years ago

Insurance companies can now adjust surrender values and paid-up policies freely.

Journal of the Institute of Actuaries
Surrender Values and Paid-Up Policy Amounts
W. E. H. Hickox

Paper Summary

The article discusses surrender values and paid-up policy amounts for ordinary insurance policies. Companies can decide on these values as long as they meet their obligations to policyholders. The focus is on fairness and equity in determining these values.

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