admin 管理员组文章数量: 1086019
2024年3月19日发(作者：常量和变量的式子)
Life insurance
From Kenneth Blake
Types of life insurance may be divided into two basic classes – temporary and
permanent or following subclasses – term, universal, whole life and endowment life
insurance.
Term Insurance Term assurance provides life insurance coverage for a specified
term of years in exchange for a specified premium. The policy does not accumulate
cash value. Term is generally considered "pure" insurance, where the premium buys
protection in the event of death and nothing else.
There are three key factors to be considered in term insurance:
Face amount (protection or death benefit),
Premium to be paid (cost to the insured), and
Length of coverage (term).
Various insurance companies sell term insurance with many different
combinations of these three parameters. The face amount can remain constant or
decline. The term can be for one or more years. The premium can remain level or
increase. Common types of term insurance include Level, Annual Renewable and
Mortgage insurance."
Level Term policy has the premium fixed for a period of time longer than a year.
These terms are commonly 5, 10, 15, 20, 25, 30 and even 35 years. Level term is often
used for long term planning and asset management because premiums remain
consistent year to year and can be budgeted long term. At the end of the term, some
policies contain a renewal or conversion option. Guaranteed Renewal, the insurance
company guarantees it will issue a policy of equal or lesser amount without regard to
the insurability of the insured and with a premium set for the insured's age at that time.
Some companies however do not guarantee renewal, and require proof of insurability
to mitigate their risk and decline renewing higher risk clients (for instance those that
may be terminal). Renewal that requires proof of insurability often includes a
conversion options that allows the insured to convert the term program to a
permanent one that the insurance company makes available. This can force clients into
a more expensive permanent program because of anti selection if they need to
continue coverage. Renewal and conversion options can be very important when
selecting a program.
Annual renewable term is a one year policy but the insurance company
guarantees it will issue a policy of equal or lesser amount without regard to the
insurability of the insured and with a premium set for the insured's age at that time.
Another common type of term insurance is mortgage insurance, which is usually a
level premium, declining face value policy. The face amount is intended to equal the
amount of the mortgage on the policy owner’s residence so the mortgage will be
版权声明：本文标题：人寿保险的英文文献及翻译 内容由网友自发贡献，该文观点仅代表作者本人， 转载请联系作者并注明出处：http://www.roclinux.cn/b/1710833213a575387.html， 本站仅提供信息存储空间服务，不拥有所有权，不承担相关法律责任。如发现本站有涉嫌抄袭侵权/违法违规的内容，一经查实，本站将立刻删除。
发表评论