'Traditional' Life Insurance products are the plain vanilla variety of insurance products where the premium paid over the term of the policy is calculated based on the certain factors.
The factors that help in calculating the cost of covering the risk of loss of life of an individual are, age, gender, occupation, etc.
The 'Premium' paid is a sum of the mortality charges plus administrative cost of administering an insurance policy for an individual.
Showing posts with label Premium. Show all posts
Showing posts with label Premium. Show all posts
Sunday, February 17, 2008
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