Keeping students on the forefront of today's dynamic financial services industry, this clearly written survey examines life and health insurance simultaneously from the viewpoints of the buyer, the advisor, and the insurer. Current, accurate, and detailed, it provides a comprehensive and unbiased treatise on individual and group insurance. The text offers a thorough examination of life insurance company operations and regulation. Explaining how life and health insurance products fit into the broad framework of financial planning from a financial management perspective, it now strengthens its treatment of fundamentals with more economic and financial theory, and helps clarify the industry's global standing with numerous comparisons between U.S. and international practices.

• NEW - Extensive integration of economic and financial theory and international comparisons.

  • Helps students achieve a deeper understanding of the effects of ongoing changes within the life and health insurance industry—and of the industry as a whole. Ex.___

• NEW - Stronger global orientation—Offers more international comparisons with international practices.

  • Enlightens students—giving them a broad and worldly knowledge base that will help them understand the differing approaches foreign life insurance companies take in responding to their clients' perceived needs. Ex.___

• NEW - Financial management perspective has been adopted into the text.

  • Helps students understand how life and health insurance products fit into a broad framework of financial planning. Ex.___

• NEW - Tax treatment—Offers expanded and updated treatment of life and health insurance, examining such areas as estate planning, retirement planning, and the business uses of life and health insurance.

  • Exposes students to the unique tax advantages and issues pertaining to a wide variety of insurance planning, and gives students an inside look at the most current tax strategies. Ex.___

• NEW - Health care—Revised and expanded the treatment on health care to reflect the growth of managed care and its impact on traditional health care programs.

  • Keeps students abreast of the rapidly changing managed care environment and its impact on the entire health care industry, including hospitals, physicians, and insurance companies. Ex.___

• NEW - New developments—Examines the strong movement toward eliminating the traditional barriers between commercial banks, investment banks, and insurers.

  • Exposes students to the increasing competition between banks, brokerage firms, and insurance companies within the financial services industry. Ex.___

• NEW - Marketing life and health insurance—Reflects both the search for and the experiment with new distribution systems, including the growing impact of the Internet.

  • Helps students understand the challenges facing today's insurance companies in distributing their products and services. Ex.___

• Helpful suggestions on how health insurance products fit into a broad framework—Shows the roles health insurance products play in the insurance industry from contractual, cost, and performance viewpoints.

  • Familiarizes students with the most up-to-date products available in the marketplace and their different uses. Ex.___

• A fully integrated, real-world examination—Supports material throughout with economic and financial theory with a solid conceptual and practical treatment of life and health insurance from the buyer's, company's and financial planner's point of view.

  • Provides students a full overview of the life insurance industry and process. Ex.___

• Modern financial theory—Bases financial treatment of life insure operations on modern financial theory.

  • Gives students cutting-edge coverage on the industry. Ex.___

• Comprehensive units made for easy course customization—Presents a thorough and accurate treatment of life and health insurance that is logically organized into individual units of study (e.g., life insurance, health insurance, employee benefits, financial planning, etc.).

  • Allows instructors to pick and choose topics that meet the needs of his or her particular course. Ex.___

• A highly visual and accessible format—Contains many illustrations, graphs, and supporting examples, coupled with a clear writing style.

  • Stimulates students' interest and promotes a more meaningful understanding of the material. Ex.___

• Extensive integration of economic and financial theory and international comparisons.

  • Helps students achieve a deeper understanding of the effects of ongoing changes within the life and health insurance industry—and of the industry as a whole. Ex.___

• Stronger global orientation—Offers more international comparisons with international practices.

  • Enlightens students—giving them a broad and worldly knowledge base that will help them understand the differing approaches foreign life insurance companies take in responding to their clients' perceived needs. Ex.___

• Financial management perspective has been adopted into the text.

  • Helps students understand how life and health insurance products fit into a broad framework of financial planning. Ex.___

• Tax treatment—Offers expanded and updated treatment of life and health insurance, examining such areas as estate planning, retirement planning, and the business uses of life and health insurance.

  • Exposes students to the unique tax advantages and issues pertaining to a wide variety of insurance planning, and gives students an inside look at the most current tax strategies. Ex.___

• Health care—Revised and expanded the treatment on health care to reflect the growth of managed care and its impact on traditional health care programs.

  • Keeps students abreast of the rapidly changing managed care environment and its impact on the entire health care industry, including hospitals, physicians, and insurance companies. Ex.___

• New developments—Examines the strong movement toward eliminating the traditional barriers between commercial banks, investment banks, and insurers.

  • Exposes students to the increasing competition between banks, brokerage firms, and insurance companies within the financial services industry. Ex.___

• Marketing life and health insurance—Reflects both the search for and the experiment with new distribution systems, including the growing impact of the Internet.

  • Helps students understand the challenges facing today's insurance companies in distributing their products and services. Ex.___

I. INTRODUCTION TO LIFE AND HEALTH INSURANCE.

II. TYPES, USES, AND EVALUATION OF LIFE AND HEALTH INSURANCE.

III. THE MANAGEMENT, OPERATION, AND REGULATION OF LIFE INSURANCE COMPANIES.

Introduction to Life Insurance  [CORE TEXTS]   (Insurance)

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