Katt, Peter C.; Daily, Glenn S.
April 1993
Journal of Financial Planning;Apr93, Vol. 6 Issue 2, p78
Academic Journal
Policy illustrations can be an important tool for comparing life insurance products, but they also can be misleading. This article discusses how a standard actuarial pricing technique can be used to reach a preliminary judgment about the reason-ableness of an insurer's illustration and to raise questions for further review. It presents results for several cases and also discusses the risks of lapse-supported products.


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