Chapter21-Mortality and morbidity

Question 1

Framework

Answer 1

1 The use of risk classification in life insurance
2 Limitations of risk classification in life insurance
3 How life insurance companies deal with the limitations of risk classification
4 Why it is necessary to have different mortality tables for different classes of lives
5 Six factors other than age and gender that directly affect mortality and morbidity rates
6 The effects of occupation on mortality and morbidity
7 The effects of nutrition on mortality and morbidity
8 The effects of housing on mortality and morbidity
9 The effects of climate and geographical mortality and morbidity
10 The effects of education on mortality and morbidity
11 The effects of genetics on mortality and morbidity
12 Describe term selection
13 Five types of selection (STATiC)
14 Temporary initial selection
15 Class selection
16 Time selection
17 Adverse selection
18 Spurious selection
19 Mortality convergence
20 Decrements having a selective effect