PREFERRED LIFE INSURANCE NORTH AMERICA

Transcription

1 PREFERRED LIFE INSURANCE NORTH AMERICA Dat: Spt, 2011 Ditr Gaubatz Agda 1. Copt 2. History 3. Data 4. Futur 1

2 Copt No-prfrrd plas Normal mortality risk valuatio pross P r v a l ^ i r a s Issud at stadard rats (85-95% of busiss) Ara udr li = 100% prval Issud with a ratig (5% - 10%)... D l i 3% - 5% Rlativ mortality --> highr rlativ mortality Copt Prfrrd plas Prfrrd mortality risk valuatio pross P r v a l ^ i r a s Supr prfrrd rats (20%-40%of busiss) Prfrrd rats (20% - 50%) Stadard rats (10% -30%) Issud with a ratig (5% - 10%) D l i 3% - 5%... Rlativ mortality --> highr rlativ mortality 2

3 Prfrrd plas Basi strutur No. of lasss Trm isura plas 3-4 for o-smokr 1-3 for smokrs Prmat plas 2 3 for o-smokrs 1 2 for smokrs Prfrrd plas Commo ritria usd BMI Blood prssur (Systoli ad Diastoli) Big tratd for high BP Cholstrol lvls (Total holstrol ad holstrol ratio) Big tratd for high holstrol Family history (Car, ardiovasular, diabts, othrs) Motor vhil rports (Violatios, Drivig udr th iflu, arlss drivig) Prsoal history (Car, ardiovasular, diabts, othrs) Substa abus (Alohol, illgal drugs) Othrs (Aviatio, avoatio, hazardous oupatios, t) 3

4 Prfrrd pla Qualifiatio Kok-out (Edg) Must qualify i all atgoris to qualify for th lass Dbit-rdit Sorig systm History Prfrrd plas bam popular i th arly 1990s Early attmpts i th lat 1980s Most usful ifo bam availabl with omprhsiv blood tstig du to AIDS All fa amouts of 100K+ Blood draw for all appliats Havy us of Paramd (urs) Nurs gos to th lit to draw blood, tak masurmts ad vrify iformatio o appliatio Almost all poliis sold for 100K+ hav b sold usig a prfrrd strutur 4

5 Data Mdial studis providd iitial rlativ mortality Isura xpri is bomig availabl, allowig for ralibratios Effts of Build o Mortality By BMI 5

6 Effts of Blood Prssur o Mortality Yougr Ags Diastoli Prssur About 1.1% iras i mortality for vry poit of diastoli prssur Effts of Blood Prssur o Mortality Yougr Ags Systoli Blood Prssur H, about 1-2% iras for vry poit of systoli blood prssur. 6

7 Effts of Blood Prssur o Mortality Oldr Ags Diastoli Prssur About 1.4% iras i mortality for vry poit lss of diastoli blood prssur blow 75 mmhg Effts of Blood Prssur o Mortality Oldr Ags Systoli Blood Prssur 7

8 Th futur It s hr ow Isurd typs Fa amouts Yougr ags Mov away from full blood profil tstig Saliva oly tstig Dlaratio oly Still tryig to kp prfrrd opt Dlard oly iformatio (prviously vrifid) Smokig status Hight & wight Blood prssur 8

9 Mortality assumptio Nw appliatio ad udrwritig pross Appliatio Strgth Udrwritig pross Us of tl-udrwritig Automatd udrwritig ruls gi Quality of udrwritig disios May rsult i a disout or a load Mortality assumptio Nw appliatio ad udrwritig pross Databas hks MIB MVR Rx Lxus-Nxus Rsults i a disout rlativ to ot havig ths databas hks 9

10 Mortality assumptio Ati-Sltio ad loss of stil fft No olusiv data Usd lab data as a guid Rsults i a load to mortality Cors i movig from fluid tstd to utstd busiss Slf-rportd mdial iformatio o Misrprstatio (.g. smokig status) o Igora (.g. holstrol radigs) Post-issu moitorig (.g. Rx hk 60 days aftr poliy issu) Importa of data/idtity validatio Miimiz itral ati-sltio Vigilat moitorig of fild for Early lapss Cotstd laims Caus of dath aalysis 10