Notes
1. Edward E. Graves (Ed.), McGill’s Life Insurance, 9th ed. Bryn Mawr, PA: The American College, 2013, p. 27.9.
2. InsuranceForum.com, “APR Calculator for Fractional (Modal) Premiums.” See also Joseph M. Belth (Ed.), “Special Issue on Fractional Premiums,” Insurance Forum, vol. 25, no. 12 (December 1998).
3. Graves, McGill’s Life Insurance, p. 4.5.
4. Robert I. Mehr and Sandra G. Gustavson, Life Insurance, Theory and Practice, 4th ed. (Plano, TX: Business Publications, 1987), p. 206.
5. Graves, McGill’s Life Insurance, pp. 27.25 and 27.26.
6. This section is based on American Council of Life Insurers, “Q & A: What You Need to Know about Accelerating Life Insurance Benefits,” last reviewed, January 24, 2014.
7. Ibid.
8. Harold D, ...
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