Summary |
This book has been written primarily for students who are preparing for Examination 6 of the Life Office Management Association Institute.
Chapters 1 and 2 are introductory. They comprise a brief review of basic arithmetical operations. Authors believe that most students will benefit from such a review.
Throughout the text great emphasis has been placed on the use of the “equation of value” concept, because it contributes to a clearer understanding of the fundamental principles of life insurance. In order to aid the retention of each new principle, it is first illustrated by numerical examples and the stated in symbolic form as an equation of value
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