保险学Teisch12eCh04.ppt

Life, Health, and Loss of Income ExposuresChapter 4 Chapter Objectives List and describe the types of potential losses associated with the risk of premature death Discuss the factors influencing the need to partially or fully replace a deceased’s income for his or her surviving children and/or spouse Describe ways a business can lose money when an employee or owner dies prematurely Explain the nature of a mortality table and give examples of how it can be used for personal risk management Describe several types of medical expense loss that can be incurred Distinguish between types of disability loss and explain the nature of the subjective element in disability Explain the general principles underlying unemployment insurance that exists in all states Describe several factors influencing the frequency and severity of income losses due to retirement Exposures Due to Premature Death Most people face a risk associated with death That of timing Death is sure to occur ultimately but the specific day and time it will strike are generally unknown for most of a person’s life If death occurs suddenly when an individual is performing important and unique functions for an employer The resulting financial loss to the business can be significant If death occurs during a period when an individual is a major financial provider for young children or other dependents The effects on the survivors can be devastating If the death occurs “too late” A person may outlive his or her financial resources Exposures Due to Premature Death Premature death Death that occurs before the life stage where death becomes increasingly accepted by society as part of the natural, expected order of life On average baby boys born in the U.S. in 2000 can expect to live for 74.1 years Baby girls can expect to live for 79.5 years Some persons believe that for newly born children, any death that occurs prior to these ages is premature For risk management purposes, it is helpful to classify any