File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)

Article: Assessing the impact of suicide exclusion periods on life insurance

TitleAssessing the impact of suicide exclusion periods on life insurance
Authors
KeywordsAge-standardized mortality rate
Australia
Life insurance
Suicide rate
Suicide-exclusion period
Issue Date2010
PublisherHogrefe & Huber Publishers. The Journal's web site is located at http://www.hogrefe.com/periodicals/crisis-the-journal-of-crisis-intervention-and-suicide-prevention/
Citation
Crisis, 2010, v. 31 n. 4, p. 217-223 How to Cite?
AbstractBackground: We study the impact of suicide-exclusion periods, common in life insurance policies in Australia, on suicide and accidental death rates for life-insured individuals. If a life-insured individual dies by suicide during the period of suicide exclusion, commonly 13 months, the sum insured is not paid. Aims: We examine whether a suicide-exclusion period affects the timing of suicides. We also analyze whether accidental deaths are more prevalent during the suicide-exclusion period as life-insured individuals disguise their death by suicide.We assess the relationship between the insured sum and suicidal death rates. Methods: Crude and age-standardized rates of suicide, accidental death, and overall death, split by duration since the insured first bought their insurance policy, were computed. Results: There were significantly fewer suicides and no significant spike in the number of accidental deaths in the exclusion period for Australian life insurance data. More suicides, however, were detected for the first 2 years after the exclusion period. Higher insured sums are associated with higher rates of suicide. Conclusions: Adverse selection in Australian life insurance is exacerbated by including a suicide-exclusion period. Extension of the suicide-exclusion period to 3 years may prevent some "insurance-induced" suicides - a rationale for this conclusion is given. © 2010 Hogrefe Publishing.
Persistent Identifierhttp://hdl.handle.net/10722/142596
ISSN
2015 Impact Factor: 1.527
2015 SCImago Journal Rankings: 0.638
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorYip, Pen_HK
dc.contributor.authorPitt, Den_HK
dc.contributor.authorWang, Yen_HK
dc.contributor.authorWu, Xen_HK
dc.contributor.authorWatson, Ren_HK
dc.contributor.authorHuggins, Ren_HK
dc.contributor.authorXu, Yen_HK
dc.date.accessioned2011-10-28T02:52:22Z-
dc.date.available2011-10-28T02:52:22Z-
dc.date.issued2010en_HK
dc.identifier.citationCrisis, 2010, v. 31 n. 4, p. 217-223en_HK
dc.identifier.issn0227-5910en_HK
dc.identifier.urihttp://hdl.handle.net/10722/142596-
dc.description.abstractBackground: We study the impact of suicide-exclusion periods, common in life insurance policies in Australia, on suicide and accidental death rates for life-insured individuals. If a life-insured individual dies by suicide during the period of suicide exclusion, commonly 13 months, the sum insured is not paid. Aims: We examine whether a suicide-exclusion period affects the timing of suicides. We also analyze whether accidental deaths are more prevalent during the suicide-exclusion period as life-insured individuals disguise their death by suicide.We assess the relationship between the insured sum and suicidal death rates. Methods: Crude and age-standardized rates of suicide, accidental death, and overall death, split by duration since the insured first bought their insurance policy, were computed. Results: There were significantly fewer suicides and no significant spike in the number of accidental deaths in the exclusion period for Australian life insurance data. More suicides, however, were detected for the first 2 years after the exclusion period. Higher insured sums are associated with higher rates of suicide. Conclusions: Adverse selection in Australian life insurance is exacerbated by including a suicide-exclusion period. Extension of the suicide-exclusion period to 3 years may prevent some "insurance-induced" suicides - a rationale for this conclusion is given. © 2010 Hogrefe Publishing.en_HK
dc.languageengen_US
dc.publisherHogrefe & Huber Publishers. The Journal's web site is located at http://www.hogrefe.com/periodicals/crisis-the-journal-of-crisis-intervention-and-suicide-prevention/en_HK
dc.relation.ispartofCrisisen_HK
dc.subjectAge-standardized mortality rateen_HK
dc.subjectAustraliaen_HK
dc.subjectLife insuranceen_HK
dc.subjectSuicide rateen_HK
dc.subjectSuicide-exclusion perioden_HK
dc.subject.meshAge Factors-
dc.subject.meshAustralia - epidemiology-
dc.subject.meshInsurance, Life - economics - statistics and numerical data-
dc.subject.meshSex Factors-
dc.subject.meshSuicide - prevention and control - statistics and numerical data-
dc.titleAssessing the impact of suicide exclusion periods on life insuranceen_HK
dc.typeArticleen_HK
dc.identifier.emailYip, P: sfpyip@hku.hken_HK
dc.identifier.authorityYip, P=rp00596en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1027/0227-5910/a000023en_HK
dc.identifier.pmid20801752-
dc.identifier.scopuseid_2-s2.0-77957105149en_HK
dc.identifier.hkuros197421en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-77957105149&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume31en_HK
dc.identifier.issue4en_HK
dc.identifier.spage217en_HK
dc.identifier.epage223en_HK
dc.identifier.eissn2151-2396-
dc.identifier.isiWOS:000281362600007-
dc.publisher.placeUnited Statesen_HK
dc.identifier.scopusauthoridYip, P=7102503720en_HK
dc.identifier.scopusauthoridPitt, D=36989735400en_HK
dc.identifier.scopusauthoridWang, Y=9735195900en_HK
dc.identifier.scopusauthoridWu, X=37032462000en_HK
dc.identifier.scopusauthoridWatson, R=7403653677en_HK
dc.identifier.scopusauthoridHuggins, R=7102879186en_HK
dc.identifier.scopusauthoridXu, Y=36106595800en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats