The first illustration assumed a constant crediting rate of 7. When the illustration software was used to calculate a planned premium with an assumed 7.
The second illustration was for the identical underlying indexed UL policy. The difference in calculating a lifetime planned premium was that a three-step process was used to validate or adjust the recommendation as to the likely non-guaranteed premium it would take to support the policy over her lifetime:.
The result is that none of the hypothetical illustrations was able to sustain such a policy to age , assuming average industry projected expenses for this type of policy. Further statistical information included the fact that the first lapse out of the hypothetical illustrations occurred at age 79 average life expectancy is age 90 for a group of healthy year old women and that more than 90 percent of the lapses occurred prior to average life expectancy.
Considering that many healthy year old women expect to live closer to 95 or than their current statistical average life expectancy, the fact that the tested premium has a 0 percent probability of success could be a problem for both client and agent. Step 3: Calculate a planned premium based on the statistical information that would sustain a policy to age at least 90 percent of the time.
This client-specific, lower constant crediting rate compensates for volatility in this example. They were both the same. The difference is in how the planned premium expectation should be determined; and then to encourage her client to reassess every few years the reality of changes in non-guaranteed credits and expenses.
In other words, life insurance more clearly becomes a valuable asset—managed for optimum results over the lifetime of the insured—when we know to compensate for volatility in the crediting rate and possible changes in expense charges by starting out with a reasonable rather than an unattainable premium expectation. His lifetime objective was the professionalization of the sale of life insurance.
Think Advisor. The idea is seductively translatable to almost any application. Evolution can be seen as the study of material paradigm shifting. Novelists since the 18th century and television sitcom writers for the last 50 years have made their art by building and working out the implications of paradigms.
Designers use the concept every day, for instance in developing representations of the business models of various clients. The designers creating an ad for Apple use an entirely different set of assumptions than if they were making a spiel for IBM.
Apple wants to project a paradigm of fun, of ease of use, something anybody can do; the computer is your friend. Each of these ads represents a different, mutually exclusive paradigm. Most of these examples are little, manageable models: everyday tools for practical use. Here the technique is wonderfully useful and very handy, like a Bic lighter.
All our lives depend on certain basic expectations, our paradigm of what the world is like, and our society works largely because we take it all for granted. If you see the sun rise in the east, set in the west, and reappear the next morning in the east again, you have every right to believe the sun is moving around the earth.
As we know, the Maya and the early Egyptians among others based their world-views on the apparent motion of the sun, and their cultures worked like tops for centuries. When the country you believed was a good country starts torturing helpless prisoners.
At this point, you fall into an anxiety trap, a psychic hell of doubt. Subscribe Get Our Newsletter. In this article we present a survey of the major organizational paradigms used in multi-agent systems. Within a paradigm , this is relatively straightforward as there are often direct equivalences. In this new luxury market paradigm a great number of people can buy luxury goods. The lack of a viable alternative meant that the existing paradigm was preserved, even in the face of apparent policy failure.
Authentication is thus useful for getting out of the bind of essentialism in which advocates of the desire paradigm are trapped. All of these volumes depend on traditional paradigms drawn from the analysis of instrumental music. The basic experimental paradigm was that of the comparison of individual performances when isolated and when in the presence of other people. Acting out paradigms also present difficulties to people with learning difficulties. These examples are from corpora and from sources on the web.
Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
Collocations with paradigm. Click on a collocation to see more examples of it. See all collocations with paradigm. Translations of paradigm in Chinese Traditional.
See more. Need a translator? Translator tool. What is the pronunciation of paradigm? Browse paracrine BETA. Test your vocabulary with our fun image quizzes. Image credits.
0コメント