The Effect of Physical and Mental Impairments on the Annual Probability of a Policy Terminating by Death

With the methodology developed in the preceding chapter serving as a basis, the results of this study can now be presented. The analysis is conducted on two categories of impaired insured lives. The first category consists of insureds with a record of any one of 13 physical impairments currently under regulatory scrutiny. These items were specifically included in the list of impairments prepared by the Liaison Committee of the Society of Actuaries and the Association of Life Insurance Medical Directors of America for use in its most recent impairment study.1 The second category of insureds consists of those with medical impairments on which a reasonably large amount of data was available.