Tuesday, August 9, 2011
My Question is in the detail box. Please go through it and help me out. Thank you, in anticipation to all.?
Each of those aspects are different and tell them about the totals. It depends on the company as to what is most important. Total amount insured gives them an idea of present risk. First year premium gives them an idea of income. # of policies is volume of people. They probably calculate other things by dividing the numbers. Sum ured divided by # of policies gives you the average size of policy. First year premium divided by policies gives average cost to customer. Tells what kind of people the sales person is selling to.
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