POLICY-VALUE CALCULATOR

  

Copyright © Philip M. Parker, INSEAD. Terms of Use.

POLICY-VALUE CALCULATOR

Specialty Definition: POLICY-VALUE CALCULATOR

DomainDefinition

Occupations

Compiles and computes loan or surrender value of life insurance policy, using calculator, and rate books and tables: Computes amount payable to policyholder who drops insurance, allows insurance to lapse, or requests loan on policy, considering factors, such as unclaimed dividends, premiums paid in advance, length of time held, and principal sum (loan value), using calculator. Records values on sheet for preparation of correspondence to policyholder and entry onto master file. When working on dropped policies and policyholder requests full cash value, is known as Cash-Surrender Calculator (insurance). When working on dropped policies and policyholder does not request full cash value, prorates cash value to determine time policy may be kept in force and is known as Extended-Insurance Clerk (insurance). When working on policy loans, calculates repayments, using interest tables, and is known as Policy-Loan Calculator (insurance). May specialize in data related to pension plans and life insurance, such as premiums, dividends, retirements, and death benefits, and be designated Calculation Clerk (insurance). May verify and recompute calculations made by other workers and be designated Calculation Reviewer (insurance). (references)

Source: compiled by the editor from various references; see credits.

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Alternative Orthography: POLICY-VALUE CALCULATOR


Hexadecimal (or equivalents, 770AD-1900s) (references)

50 4F 4C 49 43 59 2D 56 41 4C 55 45      43 41 4C 43 55 4C 41 54 4F 52

Leonardo da Vinci (1452-1519; backwards) (references)

    

Binary Code (1918-1938, probably earlier) (references)

01010000 01001111 01001100 01001001 01000011 01011001 00101101 01010110 01000001 01001100 01010101 01000101 00100000 01000011 01000001 01001100 01000011 01010101 01001100 01000001 01010100 01001111 01010010

HTML Code (1990) (references)

&#80 &#79 &#76 &#73 &#67 &#89 &#45 &#86 &#65 &#76 &#85 &#69 &#32 &#67 &#65 &#76 &#67 &#85 &#76 &#65 &#84 &#79 &#82

ISO 10646 (1991-1993) (references)

0050 004F 004C 0049 0043 0059 002D 0056 0041 004C 0055 0045      0043 0041 004C 0043 0055 004C 0041 0054 004F 0052

Encryption (beginner's substitution cypher): (references)

504946433759155635465539237354637554635544952

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INDEX

1. Orthography
2. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.