Page 47 - Life Assurance
P. 47
8- There is growing trend toward term plants
of life insurance among consumers. It is due to
a number of factors, including some financial
advantages perceived in "buying term and
investing the difference”.
9- Examining the life insurance premium
calculation methods permits one to see clearly
how life insurance operates and how contracts
differ in their basic structures.
10- The policy reserve in life insurance, a
measure of the security provided the
policyholder, represents funds held for future
benefits. As such, it is similar to the unearned
premium reserve of property-liability insurers.
147 Life51/life/life 08
of life insurance among consumers. It is due to
a number of factors, including some financial
advantages perceived in "buying term and
investing the difference”.
9- Examining the life insurance premium
calculation methods permits one to see clearly
how life insurance operates and how contracts
differ in their basic structures.
10- The policy reserve in life insurance, a
measure of the security provided the
policyholder, represents funds held for future
benefits. As such, it is similar to the unearned
premium reserve of property-liability insurers.
147 Life51/life/life 08
