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Books or CD
Title : The BOX (Mini Booklet)
Type : Guy E Baker Resource
Unit Price : $$00
Quantity : 1
Delivery Charge : $00
 

The BOX (Mini Booklet)

As you will see, life insurance is based on the fundamental mathematical principle of probability. People die according to a predictable pattern. This pattern, called a mortality table, is based on accumulated historical data. Insurance companies don’t know who in agroup will die when; just how many. This predictable pattern, and the amount of coverage, is then mathematically converted into a lump sum amount. The company needs this lump sum amount in order to make the contractual payment at death.

 

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