| Job Title |
Policy-value Calculator |
| Job Description |
Compiles And Computes Loan Or Surrender Value Of Life
Insurance Policy, Using Calculator, And Rate Books And Tables:
Computes Amount Payable To Policyholder Who Drops Insurance,
Allows Insurance To Lapse, Or Requests Loan On Policy,
Considering Factors, Such As Unclaimed Dividends, Premiums Paid
In Advance, Length Of Time Held, And Principal Sum (loan Value),
Using Calculator. Records Values On Sheet For Preparation Of
Correspondence To Policyholder And Entry Onto Master File. When
Working On Dropped Policies And Policyholder Requests Full Cash
Value, Is Known As Cash-surrender Calculator (insurance). When
Working On Dropped Policies And Policyholder Does Not Request
Full Cash Value, Prorates Cash Value To Determine Time Policy
May Be Kept In Force And Is Known As Extended-insurance Clerk
(insurance). When Working On Policy Loans, Calculates
Repayments, Using Interest Tables, And Is Known As Policy-loan
Calculator (insurance). May Specialize In Data Related To
Pension Plans And Life Insurance, Such As Premiums, Dividends,
Retirements, And Death Benefits, And Be Designated Calculation
Clerk (insurance). May Verify And Recompute Calculations Made By
Other Workers And Be Designated Calculation Reviewer
(insurance).
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