During the high interest-rate environment of the 1980s, many policyholders purchased vanishingpremium policies. Because interest rates dropped
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During the high interest-rate environment of the 1980s, many policyholders purchased vanishingpremium policies. Because interest rates dropped in subsequent years, premiums have not vanished as originally projected, and many consumers are dissatisfied. Some observers have proposed requiring that insurance companies and agents make projections only on the basis of the minimum guarantees in the policy. Do you agree or disagree with this proposal? Explain.
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Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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