1. Higher Premiums.
- Subjects
LIFE insurance companies ,LIFE insurance premiums ,PRICE increases - Abstract
The article reports that leading U.S. life insurance firms Metropolitan and Prudential announced increases in their premiums in November 1941. Metropolitan's increases averaged ten percent while Prudential's increases averaged about eight percent. The two main factors for premium increases are rate of investment return and amount of benefits paid to policyholders and beneficiaries. Investment, actuarial and legal requirements before insurers can increase premiums are discussed.
- Published
- 1941