MTHEL131 Lecture 1: MTHEL 131-Entire Course.docx
24 Feb 2015
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Dismemberment: when the life insured of the policy dies as a result of an accident, the face value doubles. Double indemnity : disability income rider, recognize that if the person becomes disable and unable to work, the person gets monthly payments. Just the face value: death benefit plus (ul plus, the company"s always at risk to pay 500k, face value + reserve. 3. the companies because they now have the opportunity to grow the investors because they have more choices in investing in canadian financial services. Mortality: mortality rates have been trading downwards overtime, median life expectancy in canada: 80. 3 years, median life expectancy globally: 67. 2, rates are trending down more rapidly for women than those for men, reason for this: Improved medical technology for child bearing: women have fewer children, take less risks, women are less prone to accidents. Professional ethics - guest speaker: bob howard: requirements of a profession, skilled intellectual technique.
