As the most comprehensive and authoritative life-insurance resource on the market, this textbook covers all topics that constitute the foundation for the study of more specialized aspects of life insurance, policy illustrations, tax treatment, family and business uses of insurance, risk measurement and classification, time-value-of-money, reserves, net and gross premiums, surrender values, reinsurance, regulation, types of carriers, group life insurance, and the incontestable clause. With an emphasis on primary principles, McGill's combines principles of life insurance with application in today's dynamic environment.
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