It is generally accepted that Social Security Disability Insurance (DI) Program application rates are influenced by the macro economy. DI program data and previous research indicate that a disproportionate number of beneficiaries (past applicants) are less-educated, with low-skill employment...

Insurance regulators, policyholders, and investors are interested in the ability of insurers to fulfill their financial obligations. Economic and finance theory suggests that, all else equal, more efficient firms should be financially stronger firms. Efficiency scores represent a quantitative...

In this article, a process for deciding whether a life insurance contract should be reinstated is proposed. The present values of net premium of two alternatives are calculated and compared. Our analysis shows that reinstatement of the original policy is not always beneficial. When the holding...