Policy Value Calculator
Compile and compute loans or surrender value of life insurance policies. Also known as Cash-Surrender Calculator See More
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, 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. 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. When working on policy loans, calculates repayments, using interest tables, and is known as Policy-Loan Calculator. May specialize in data related to pension plans and life insurance, such as premiums, dividends, retirements, and death benefits, and be designated Calculation Clerk. May verify and recompute calculations made by other workers and be designated Calculation Reviewer.
Personality Traits
Calm Under Pressure: You keep your cool when dealing with highly stressful situations.
Reliable: You can always be counted on to do a good job.
Detail Oriented: You pay close attention to all the little details.
Salary and Education
Nationally: $22,000 – $46,000
Main education level: Associates
source: US Dept of Labor
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