Nice article by Terry Savage on the premium financing of large amount life insurance policies to seniors who really did not need the insurance. According to Savage, some seniors are unable to sell their policies to investors to complete the cycle (borrow money, buy insurance policy, sell insurance policy, pay off loan). I’m a tad bit disappointed Savage did not report actual numbers of policyholders affected.
If I find some statistics on this, I’ll post them.
Interesting study without much practical application if you are a mortality risk underwriter.
Interesting study with some practical use if you are a life expectancy underwriter.
I’ve added a link to the online version of Gray’s Anatomy of the Human Body.
Yes, I know it is just a couple of little boxes on the medical exam.
A positive screen was defined as any noncalcified nodule at least four millimeters in size or other radiographic finding deemed suspicious for cancer.
A false positive was defined as a positive screen with either a completed negative work-up or at least 12 months follow-up with no cancer diagnosis, the researchers said.
Analysis showed:
* An individual’s cumulative probability of at least one false-positive CT scan was 21% after one screen and 33% after two.
* For chest X-rays, the cumulative probabilities were 9% and 15% after one and two screens, respectively.
* In a multivariate analysis, people over 64 years of age had a 34% increased risk of a false-positive CT scan.
* Of those getting a CT false positive, 6.6% had an invasive diagnostic procedure and 1.6% had major surgery, compared with 4.2% and 1.9%, respectively, for chest X-ray false positives.There are no screening methods for lung cancer that have been shown to reduce death and illness from the disease, which is often only detected in its late stages.
According to the American Cancer Society, the five-year survival rate for localized lung cancer is 49.5%, but that falls to 20.6% for disease that has spread outside the lung and 2.8% if there are distant metastases.
The Links widget somehow got deactivated. I reactivated the widget and now everyone should be seeing my Links on the sidebar.
I still believe that Suze Orman should go back to waitressing.
I don’t know Ed Hinerman personally but his quote above earns a link on the sidebar.
Addendum May 29
I can’t find the sidebar links either. Technical issues, please stand by.
Addendum June 3
Ed called me today and we had a nice conversation. For the record, we now know one another personally.
At The Hartford, 200 Layoffs In ’09, And More To Come — Courant.com
“Congratulations on driving The Hartford into the ground,” Justin Winthrop, 88, of West Hartford, told Ayer. “You’ve destroyed the image, reputation and the name of The Hartford. When may we expect your resignation?”
The Hartford has received $3.4 billion in TARP funds. But even this amount of money won’t be enough to save jobs.
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