Voorbeelden van term insurance

• It should be seen in the context of government policy on exports in general and on medium to long term insurance and project finance in particular.

• In the early years, the company focused on offering term insurance to individuals as an alternative to whole life products.

• Generally speaking term insurance premiums are considerably less expensive in the short term than permanent life insurance for an individual for the same benefit amount.

• However, the premium costs for term insurance are substantially lower than those for permanent insurance.

• Another common type of term insurance is "mortgage life insurance", which usually involves a level-premium, declining face value policy.

• Also, purchasing annual renewable term insurance can add complexity to long-term investment strategies because premiums increase as the insured ages (so don't do this).

• Insurance industry studies indicate that the probability of filing a death benefit claim under a term insurance policy is low.

• Customers could only get the mortgage if they paid the term insurance simultaneously.

• Insurers may break down a policy into 2 components, the term insurance portion (the net amount at risk) and the cash value (the guaranteed amount).

• The company's product range covers protection (term insurance), savings, education and retirement.

• The low payout likelihood allows term insurance to be relatively inexpensive.

• Term insurance is the least expensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis over a specific period of time.

• Because of the low likelihood of an insurer having to pay a death benefit, term insurance may offer more coverage per premium dollar - by a factor of up to 10.

• The actuarial present value of one unit of an "n" -year term insurance policy payable at the moment of death can be found similarly by integrating from 0 to "n".