| Abstract: | Abstract Introduction. Livförsäkringsbolaget Framtiden, ömsesidigt (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 four weeks. It has been tried to propagate more protective forms of children's policies, but it has partly failed, owing to lack of interest from agents and public. Nevertheless, it has been possible to exclude pure childrens' tariffs, and so in almost every policy issued, there is a moment of sickness insurance. In late years, this holds true also for the ordinary branch. The mass of experience collected is thus by no means unimportant, despite the smallness of the Company, as compared with foreign Companies. The experience is, moreover, collected during a relatively short period of time, giving a rather homogeneous material. |
