Describe adverse selection with respect to an annuity How is adverse selection related to the fact that the annuity mortality table shows lower mortality at any specified age than do life insurance tables ...

Adverse selection means selection against the insurer or poo ...

Describe adverse selection with respect to an annuity. How is adverse selection related to the fact that

Question:

Describe adverse selection with respect to an How is adverse selection related to the fact that the mortality table shows lower mortality at any specified age than do life insurance tables?
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...