Industrial Life Insurance Research Articles

Industrial Life Insurance: Payment under the Facility Clause

Industrial Life Insurance: Payment under the Facility Clause

The Role of the Insurance Commissioner in Industrial Life Insurance

Industrial life insurance is merely life insurance, sold in small policies, the average Industrial policy being somewhere between $200.00 and $250.00, and with a premium which is ordinarily payable in weekly instalments and collected at the door. It is adapted to the needs of those who cannot buy the ordinary forms of life insurance, but who wish to provide either for the protection of their families or for the expense of their burial. Any life company can write it. There were in I932 some 79 companies listed as having Industrial life insurance on their books. Some of these, to be sure, had only a nominal amount; but while three companies write the greater part of the Industrial business, there are others who write it actively and, in very fair amount.

The Facility of Payment Clause in Industrial Life Insurance Policies

The Facility of Payment Clause in Industrial Life Insurance Policies

Sickness experience of Framtiden

Abstract Introduction. Livforsakringsbolaget Framtiden, omsesidigt (the Life Insurance Co. “The Future”, Mutual), to the policyholders of which I have the honour of devoting my actuarial work, is a relatively new enterprise. It was founded in 1911. Its main work is industrial life insurance with monthly premiums. All industrial policies include the waiver of premiums on disablement by sickness or accident for at least four weeks. Disablement lasting more than four weeks involves the waiver of premiums from the beginning of the disablement. For industrial policies issued in late years, the payment of premiums is limited to 65 years of age. Besides ordinary endowment (or whole life) policies, many childrens' insurances are written, including some or other insurance of the bread-winner, at all events the waiver of premiums till the 20th birthday of the child, if the supporter should die before that time, and for the periods during this time when the supporter is disabled by sickness or accident for at least ...

Improvements in Industrial Life Insurance

Improvements in Industrial Life Insurance