Simple question. It was explained to me that selection wearoff basically refers to the deteriorating health of a block of business after initial enrollment whereas investopedia says that morbidity refers to the chances that a block will be stricken with a disease or injury. Please correct me if my general understanding of these two terms is incorrect, but otherwise, what exactly is the difference when a company is projecting for future rate increases? That is, how are the factors for the two separable?
morbidity vs. selection wearoff
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