Illustrated and Realized Policyowner Dividends: An Empirical Analysis

Two yardsticks are present to measure reliability of dividend illustrations as determined by comparing 20-year streams of dividend illustrations and dividend histories. One of these measures shows that, on the average, the present value of the stream of histories was approximately ten percent greate...

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Veröffentlicht in:	The Journal of risk and insurance 1976-12, Vol.43 (4), p.673-692
1. Verfasser:	Palmer, Bruce A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Absolute value Analysis Dividends Endowments Illustrations Insurance policies Insurance premiums Insurance providers Life insurance Life insurance companies Policyholder dividends Present value Reliability
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container_title	The Journal of risk and insurance
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creator	Palmer, Bruce A.
description	Two yardsticks are present to measure reliability of dividend illustrations as determined by comparing 20-year streams of dividend illustrations and dividend histories. One of these measures shows that, on the average, the present value of the stream of histories was approximately ten percent greater than the present value of the stream of illustrations. The other measure, useful for determining the accuracy of dividend illustrations, shows that, on the average, the discounted value of the 20 policy years of absolute differences between histories and illustrations equaled approximately 24 percent of the discounted value of the 20 policy years of illustrations.
doi_str_mv	10.2307/252032
format	Article
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One of these measures shows that, on the average, the present value of the stream of histories was approximately ten percent greater than the present value of the stream of illustrations. The other measure, useful for determining the accuracy of dividend illustrations, shows that, on the average, the discounted value of the 20 policy years of absolute differences between histories and illustrations equaled approximately 24 percent of the discounted value of the 20 policy years of illustrations.</description><identifier>ISSN: 0022-4367</identifier><identifier>EISSN: 1539-6975</identifier><identifier>DOI: 10.2307/252032</identifier><language>eng</language><publisher>Malvern: American Risk and Insurance Association</publisher><subject>Absolute value ; Analysis ; Dividends ; Endowments ; Illustrations ; Insurance policies ; Insurance premiums ; Insurance providers ; Life insurance ; Life insurance companies ; Policyholder dividends ; Present value ; Reliability</subject><ispartof>The Journal of risk and insurance, 1976-12, Vol.43 (4), p.673-692</ispartof><rights>Copyright 1976 American Risk and Insurance Association, Inc.</rights><rights>Copyright American Risk and Insurance Association, Inc. 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One of these measures shows that, on the average, the present value of the stream of histories was approximately ten percent greater than the present value of the stream of illustrations. The other measure, useful for determining the accuracy of dividend illustrations, shows that, on the average, the discounted value of the 20 policy years of absolute differences between histories and illustrations equaled approximately 24 percent of the discounted value of the 20 policy years of illustrations.</description><subject>Absolute value</subject><subject>Analysis</subject><subject>Dividends</subject><subject>Endowments</subject><subject>Illustrations</subject><subject>Insurance policies</subject><subject>Insurance premiums</subject><subject>Insurance providers</subject><subject>Life insurance</subject><subject>Life insurance companies</subject><subject>Policyholder dividends</subject><subject>Present value</subject><subject>Reliability</subject><issn>0022-4367</issn><issn>1539-6975</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1976</creationdate><recordtype>article</recordtype><recordid>eNp10FFLwzAUBeAgCs6pv6Eo-FZNcpuk8W1sUwcDRfS5JM0tZGTtTDpl_nor9dWny4GPw-UQcsnoLQeq7rjgFPgRmTABOpdaiWMyoZTzvACpTslZShtKqaKlnpDlKoR96qPp0WWmddkrmuC_h_DSBV8fuq8WY7bwn95h69J9Nmuz5Xbno69NGIIJh-TTOTlpTEh48Xen5P1h-TZ_ytfPj6v5bJ3XjCmdqwacc1BzyXgBDJCBdaYuFRa2ENJqyUCbxoIVaJFhKQpurWpQSGNsKWFKrsbeXew-9pj6atPt4_BEqjiXugBasgHdjKiOXUoRm2oX_dbEQ8Vo9btQNS40wOsRblLfxf_UD_quYkM</recordid><startdate>19761201</startdate><enddate>19761201</enddate><creator>Palmer, Bruce A.</creator><general>American Risk and Insurance Association</general><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>K9.</scope></search><sort><creationdate>19761201</creationdate><title>Illustrated and Realized Policyowner Dividends: An Empirical Analysis</title><author>Palmer, Bruce A.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1179-7f3ddd3c26124313e13bdac87e4b456b96139afb3b5ebe1e8542bb7fe56aab863</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1976</creationdate><topic>Absolute value</topic><topic>Analysis</topic><topic>Dividends</topic><topic>Endowments</topic><topic>Illustrations</topic><topic>Insurance policies</topic><topic>Insurance premiums</topic><topic>Insurance providers</topic><topic>Life insurance</topic><topic>Life insurance companies</topic><topic>Policyholder dividends</topic><topic>Present value</topic><topic>Reliability</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Palmer, Bruce A.</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Health & Medical Complete (Alumni)</collection><jtitle>The Journal of risk and insurance</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Palmer, Bruce A.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Illustrated and Realized Policyowner Dividends: An Empirical Analysis</atitle><jtitle>The Journal of risk and insurance</jtitle><date>1976-12-01</date><risdate>1976</risdate><volume>43</volume><issue>4</issue><spage>673</spage><epage>692</epage><pages>673-692</pages><issn>0022-4367</issn><eissn>1539-6975</eissn><abstract>Two yardsticks are present to measure reliability of dividend illustrations as determined by comparing 20-year streams of dividend illustrations and dividend histories. One of these measures shows that, on the average, the present value of the stream of histories was approximately ten percent greater than the present value of the stream of illustrations. The other measure, useful for determining the accuracy of dividend illustrations, shows that, on the average, the discounted value of the 20 policy years of absolute differences between histories and illustrations equaled approximately 24 percent of the discounted value of the 20 policy years of illustrations.</abstract><cop>Malvern</cop><pub>American Risk and Insurance Association</pub><doi>10.2307/252032</doi><tpages>20</tpages></addata></record>
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source	Jstor Complete Legacy; Business Source Complete
subjects	Absolute value Analysis Dividends Endowments Illustrations Insurance policies Insurance premiums Insurance providers Life insurance Life insurance companies Policyholder dividends Present value Reliability
title	Illustrated and Realized Policyowner Dividends: An Empirical Analysis
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