The books simple title life insurance should be understood in its broadest context. It clearly encompasses insurance that promises to pay money on the death of an insured; that is we address mortality risk. It also includes insurance that promises to pay while an insured is alive; that is we address longevity risk. Finally it encompasses insurance that promises payment or services to insureds in the event of incapacity disability or loss of health. This edition is a significant and sweeping revision of earlier versions of this classic textbook. The number of chapters is reduced from the 35 in the 13th edition to 24 with word count similarly reduced. The book relevant to students and practitioners by including the latest innovations in products their pricing and their applications to individual family and business problem solving.