Life and Health Insurance

by Skipper, Harold D., Jr.; Black, Kenneth, Jr.

• ISBN13: 9780138912505
• ISBN10: 0138912505
• Edition: 13th
• Format: Paperback
• Copyright: 1999-09-07
• Publisher: Pearson

Summary

This current, accurate and detailed industry guide for financial service professionals examines life and health insurancesimultaneously from the viewpoints of the buyer, the advisor, and the insurerproviding a comprehensive and unbiased treatise on individual and group life; a forthright appraisal of life and health insurance industry products with careful consideration of the environment; and a complete examination of life insurance company operations and regulation.Bases financial treatment of life insured operations on modern financial theory, and devotes entire chapters to the economics of life and health insurance; individual life and health insurance policies; life and health insurance evaluation; the uses of life and health insurance in personal and business planning; government and employee benefit plans; and the management, operation, and regulation of life insurance companies. Offers a strong global orientation, supporting fundamental concepts with an extensive integration of economic and financial theory and international comparisons, and examines how today's health insurance products fit into a broad framework from a contractual, cost, and performance viewpoints. New chapters on the tax treatment of life and health insurance address such areas as estate planning, retirement planning, and the business uses of life and health insurance.For financial planners, salesmen, actuaries, investment managers, attorneys, CPAs, and other financial service professionals.

Table of Contents

SECTION I: INTRODUCTION TO LIFE AND HEALTH INSURANCE	1	(72)
Economic Security and the Economics of Life and Health Insurance	1	(25)
Life and Health Insurance Pricing Fundamentals	26	(22)
The History and Importance of Life and Health Insurance	48	(25)
SECTION II: TYPES, USES, AND EVALUATION OF LIFE AND HEALTH INSURANCE	73	(1)
Part I: Individual Life and Health Insurance Policies	73	(116)
Introduction to Life and Health Insurance Products	73	(17)
Whole Life Insurance Policies	90	(23)
Universal Life Insurance Policies	113	(21)
Health Insurance Policies	134	(27)
Annuities and Optional Benefits	161	(28)
Part II: Life and Health Insurance Evaluation	189	(122)
Life and Health Insurance Contracts: I	189	(31)
Life and Health Insurance Contracts: II	220	(27)
Insurance Advisor and Company Evaluation	247	(30)
Life Insurance Policy Evaluation	277	(34)
Part III: Uses of Life and Health Insurance in Personal and Business Planning	311	(134)
Life and Health Insurance Taxation	311	(25)
Life and Health Insurance in Personal Financial Planning	336	(36)
Estate Planning	372	(20)
Retirement Planning	392	(19)
Business Planning	411	(34)
Part IV: Government and Employee Benefit Plans	445	(128)
Group Insurance	445	(33)
Health Care Plans: I	478	(21)
Health Care Plans: II	499	(16)
Retirement Plans	515	(31)
Social Insurance	546	(27)
SECTION III: THE MANAGEMENT, OPERATION, AND REGULATION OF LIFE INSURANCE COMPANIES	573	(1)
Part I: Overview of Life Insurer Management and Operation	573	(60)
Life Insurance Company Organization and Management	573	(27)
Marketing Life and Health Insurance	600	(33)
Part II: Underwriting Life and Health Insurance	633	(60)
Life and Health Insurance Underwriting: I	633	(29)
Life and Health Insurance Underwriting: II	662	(31)
Part III: Pricing Life and Health Insurance	693	(134)
Life and Health Insurance Actuarial Principles	693	(30)
Net Premiums	723	(14)
Life Insurance Reserves and Cash Values	737	(31)
Gross-Premium Rate Structures and Nonguaranteed Policy Elements	768	(30)
The Pricing of Health Insurance	798	(29)
Part IV: Financial Management and Reporting	827	(108)
Life Insurer Financial Management: I	827	(39)
Life Insurer Financial Management: II	866	(36)
Life Insurer Financial Reporting	902	(33)
Part V: Regulation and Taxation	935	(1)
Regulation and Taxation of Life and Health Insurance	935