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Topic 29: Life Insurance - 91 E Collateral assignment Allows the owner to use the policy as collateral This is often done in a business setting F Incontestable clause This clause gives the insurance company two years during the life of the insured to discover any information about the insured that would have affected issuance of the policy If material adverse information is found, the company has the right to void the contract If the information is found after the two years, the policy stays in force (fraud is an exception) G Misstatement of age If, at death, the death certi cate shows the insured was older or younger than stated in the application, the death bene t will be adjusted to what the premium would have purchased H Grace period This is the automatic extension for premium payment, usually to 31 days after due date Without this provision, if a premium is received after the due date, the policy lapses I Reinstatement If the premium arrives after the grace period, the policy lapses The reinstatement provision permits the owner, if insurable interest still exists and if the insured is still insurable, to reinstate a policy that has lapsed for nonpayment of premium If a policy was surrendered for its cash value, it may not be reinstated Generally, reinstatement is automatic if requested within 30 days of the end of the grace period J Automatic premium loan If the premium has not been paid at the end of the grace period, the company will automatically lend the owner the premium, using the cash value of the policy as collateral This prevents the policy from lapsing It is used only in cash value policies K Suicide clause Adverse selection would occur if insurance companies had to honor death claims for suicides that occurred shortly after a life insurance policy is taken out In most states, if the insured commits suicide within the rst two years after the policy was issued, the insurance company will pay only the cumulative premiums plus interest L Aviation and war clauses These eliminate coverage for any death that is aviation related or due to war Few if any policies currently have these provisions M Policy loans Permanent policies permit owners to borrow from the insurance company at a speci ed interest rate, using the policy as collateral The policy loan clause describes that right and contains speci c provisions N Simultaneous death clause If the insured and the bene ciary die simultaneously, it will be presumed that the bene ciary died rst The proceeds will be distributed as if the insured survived the bene ciary and will be paid to the secondary bene ciary or to the insured s estate O Common disaster clause Settlement of the policy proceeds is withheld for a designated number of days after the death of the insured (usually 30), and any bene ciary surviving the insured but dying within the speci ed period is considered to have predeceased the insured Therefore, the proceeds are distributed as if the insured survived the bene ciary P Guaranteed purchase option This option protects the policy owner against the chance of becoming uninsurable by allowing the insured to purchase additional amounts of insurance at speci ed times or ages without showing evidence of insurability Q Waiver of premium If the insured becomes disabled, the insurance company will waive premiums on the life insurance policy during the continuance of the insured s disability R Accelerated bene ts provision (accelerated death bene t) This allows a terminally ill insured to withdraw a portion of the policy s death bene t before death The amount received is income tax free.



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[3-11 Postel, J. Internet Protocol. RFC 791, September 1981. The Internet Assigned Numbers Authority (IANA) maintains an online database of protocol numbers and parameters at http://www.iana.org/numbers.html. replaces the former This Assigned Numbers document, which was last published as RFC 1700 in October 1994. Kirkpatrick, S., et al. Internet Numbers. RFC 1166, July 1990.





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How important is the database when considering the performance and scalability of your application I would argue that it usually represents about one-third of the overall challenge Think that sounds like a lot It's really not in fact, for many applications this is a conservative estimate Remember that an application consists of three things: an interface, business logic, and persistent data Thus, if we don't consider database integration and the scalability and performance issues involved, we're tackling only two-thirds of the overall problem Nevertheless, there are times when tuning your database system may not be critical Realize that modern commercial database systems are built for speed and scalability In fact, if you buy a database, set it up, and stick a bunch of JDBC calls in your application code to access it, you may get decent performance And, again, based on the nature of your application, that may be good enough Still, for most large and complex applications, database design and optimization are important Part of the reason has to do with application-oriented demands For example, many large applications require the modeling of complex data relationships If answering database queries frequently requires navigating those relationships, overall throughput can be dramatically affected by choices made as a result of the modeling Complex applications also rely on the database to enforce business processes (such as business rules) In this sense, built-in database features such as stored procedures and triggers may be used more heavily than in a simpler application that merely requires a few JDBC simple queries Another example of where database optimization makes sense involves the latency caused by I/O during database query execution Outside Internet-based communication between client and server, stalls during database I/O are likely the most wasteful activity in application execution This is especially true for very large databases, where the database system cache is constantly in flux and the cost of scanning large tables is high A key challenge when designing your database is to reduce this I/O as much as possible This can mean tuning the cache, building efficient data structures (eg, indexes) in the database, modeling your data more strategically, optimizing the placement of your data, or some combination thereof Still another, more system-oriented reason that database design and optimization can be important has to do with the database acting as a logical point of centralization in an otherwise distributed system Many large Web applications have multiple clients, internal and external, both Web based and non-Web based Even though highly scalable application servers, distributed over multiple server machines, may exist to process client requests, they might all be dependent on a common database to complete their processing If this database is distributed replication must still guarantee data consistency There is no way to avoid its cost Distributed though your application logic might be, access to the underlying data generally must often be serialized One trick in optimizing application performance and scalability is to realize that not all data needs to be centralized and that there are ways to reduce the time that access must be serialized One final system-oriented motivation for optimizing the database has to do with the waste/redundancy that can be associated with servicing multiple client interfaces In general, the more interfaces to an application, the more likely redundant data retrievals When different clients use these interfaces, they force the database to do something it has done before and that could have been reused Consider a site that sells products to registered users In addition to pages that display the products and allow the user to order when desired, the site is likely to contain a set of account management pages that are used to make changes to user vital statistics (eg, password, address, etc) Even though these are very different from interfaces that access the database, they both deal with user.

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As you examine the script, you should note the techniques used to display output and handle input. So the output is easy to follow, we added blank lines with Chr(13) and Chr(10) or \r\n. To read from the command line, the script reads a line from the standard input stream. The code for this is:

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