Thursday, August 26, 2010

While the Government Bailed Out AIG

A friend in the financial industry writes:
We had an actuarial presentation yesterday on mortality experience in a segment of our life insurance products. During the first recession years of 2008 and 2009 the suicide rate for policyholders doubled. For policies over $1m in face, 20% of all death claims last year were suicides, which we have to pay if it’s after the first 2 years.

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