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Life Insurance Accounting

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Posted: Fri Mar 20, 2009 10:02 am   Post subject: Life Insurance Accounting   Does anyone know, how Life Insurance Accounting works ? I never explore this area before.	WALLE New member Joined: 20 Mar 2009 Posts: 20 7.80 Dollars($)
Posted: Fri Mar 20, 2009 7:14 pm   Post subject: Life Insurance Accounting   Lori, No one is here to have discussion on this topic. Is it really hard?	WALLE New member Joined: 20 Mar 2009 Posts: 20 7.80 Dollars($)
Posted: Sun Mar 22, 2009 5:47 pm   Post subject:    Are you talking about working for a life insurance company in the accounting department, and what it entails? I imagine it would be pretty extensive...it would probably include not only payment of premiums, but also cash value / investment / and other issues!	ChrisBantly Senior member Joined: 11 Mar 2009 Posts: 381 Location: Upstate SC 0.53 Dollars($)
Posted: Mon Mar 23, 2009 1:26 pm   Post subject:    yes, Chris I am talking in same line, as u understood. I know the area is really vast but it is interesting too.	WALLE New member Joined: 20 Mar 2009 Posts: 20 7.80 Dollars($)
Posted: Tue Mar 24, 2009 1:07 pm   Post subject:    Quote: Lori, No one is here to have discussion on this topic. Is it really hard? Walle your OP was too open..I didn't understand what you wanted either.. What exactly do you want to know? _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.	Lori Moderator Joined: 10 Sep 2007 Posts: 8173 Location: Missouri 287.90 Dollars($)
Posted: Wed Mar 25, 2009 6:18 am   Post subject:    Lori, First of all, I want to know how companies maintain financial accounts, under different heads. Take example for IRAs they have to maintain individual accounts and in case of pure life policy it can be with General account, because you need not to track separately. Am I making sense? Let me know your thoughts.	WALLE New member Joined: 20 Mar 2009 Posts: 20 7.80 Dollars($)
Posted: Wed Mar 25, 2009 1:04 pm   Post subject:    Yes, you are making sense, however I haven't a clue really..are you talking about how the money that will be paid out is held? hopefully someone with some knowledge and skill in that area will pop in on your thread... _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.	Lori Moderator Joined: 10 Sep 2007 Posts: 8173 Location: Missouri 287.90 Dollars($)
Posted: Thu Mar 26, 2009 9:57 am   Post subject:    Thanks Lori, Yup hope is only factor to remain positive. Although I am writing paper on general accounting practices followed by Life & Annuities Companies, but still long way to go before dawn .	WALLE New member Joined: 20 Mar 2009 Posts: 20 7.80 Dollars($)

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