CODE: 216.382-050Buy the DOT: Download TITLE(s): POLICY-VALUE CALCULATOR (insurance) 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). GOE: 07.02.03 STRENGTH: S GED: R3 M2 L2 SVP: 5 DLU: 77 ONET CROSSWALK: 55344 Billing, Cost, and Rate Clerks

---

• Dictionary of Occupational Titles (DOT) Index
  
  
• Standard Industrial Classifications (SIC) Index
  
  
• Occupational Information Network (ONET) Index
  
  
• US Census Statistical Tables
  
  
• China Statistical Tables
  
  
• World Facts
  
  
• Quick Maps (for your web site)
  
  
• Flags of All Countries (for your web site)
  
  
• Digraphs - Internet Country Codes
  
  
• Airport Codes
  
  
• Seaport Codes
  
  
• About Climate (+ Glossary)
  
  
• Immigration Superhighway
  
  
• ITA Main Page
  
  . Feedback

URL address of this page: https://occupationalinfo.org/21/216382050.html Language Translations | | Espaρol | Children | Lawyers | E-mail "Immigration Superhighway", "Immigration Central", "Immigration Assistant", "Immigration Expert", "Immigration Expert Pro" and "Immigration USA" are trademarks of Information Technology Associates. © 1995 - 2015 Photius Coutsoukis and Information Technology Associates (All Rights Reserved). Revised 26-May-03

Previous Next Contents ONET About

---

CODE: 216.382-050 Buy the DOT: Download
TITLE(s): POLICY-VALUE CALCULATOR (insurance)

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).
GOE: 07.02.03 STRENGTH: S GED: R3 M2 L2 SVP: 5 DLU: 77
ONET CROSSWALK: 55344 Billing, Cost, and Rate Clerks

---

© 1995 - 2015 Photius Coutsoukis and Information Technology Associates (All Rights Reserved). Revised 26-May-03