MCS 2100 Chapter Notes - Chapter 9: Whole Life Insurance, Life Insurance, Disability Insurance
19 Mar 2015
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Chapter 9: life, health, and disability insurance: can sell any life insurance policy to investors at a discount to its face value a viatical settlement. Determine your life insurance needs: consider a number of factors before you buy present and future sources of income, other savings and income protection, group life insurance, group annuities, net worth, government benefits. The income replacement method: based on the insurance agent"s general rule that a typical family will need approximately. Decreasing term insurance: a form that pays less to the beneficiary as time passes. Can be used if you are unable to make a premium payment. Insures a large number of persons under the terms of a single policy without requiring medical examinations: usually term insurance, cost is split between the employer and the employees so that the cost of insurance per. is the same for each employee, regardless of age: for older employees, the employer pays a larger portion of the costs.
