保险学原理chapter5.ppt

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1、TermLifeInsuranceChapterOutlineCharacteristicsoftermLifeInsuranceproductsPlansoftermLifeInsuranceCoverageFeaturesofTermLifeInsuranceCharacteristicsofTermLifeInsuranceTermLifeInsurancewhichprovidesadeathbenefitiftheinsureddiesduringaspecifiedperiod.Policytermallte

2、rmlifeinsuranceproductsprovidecoverageforaspecifiedperiodoftime.Policyanniversaryistheanniversaryofthedateonwhichcoverageunderthepolicybecameeffective.CharacteristicsofTermLifeInsuranceTermlifeinsuranceprotectionisusuallyprovidebyaninsurancepolicy,butitcanalsobep

3、rovidedbyarideraddedtoapolicy.Policyrider(anendorsement)isanamendmenttoaninsurancepolicythatbecomesapartoftheinsurancecontractthateitherexpandsorlimitedthebenefitspayableunderthecontract.PlansofTermLifeInsuranceCoverageLeveltermlifeinsuranceDecreasingtermlifeinsu

4、ranceIncreasingtermlifeinsuranceFastFactOne-thirdofnewordinarylifepoliciessoldintheU.S.In1997weretermlifeinsurance.LevelTermLifeInsuranceLeveltermlifeinsurancewhichprovideadeathbenefitthatremainsthesameamountoverthetermofthepolicy.DecreasingtermlifeinsuranceDecre

5、asingtermlifeinsuranceprovidesadeathbenefitthatdecreasesinamountoverthetermofcoverage.DecreasingtermlifeinsuranceMortgageredemptioninsurancecreditlifeinsurancefamilyincomecoverageMortgageredemptioninsuranceMortgageredemptioninsuranceisaplanofdecreasingterminsuran

6、cedesignedtoprovideadeathbenefitamountthatcorrespondstothedecreasingamountowedonamortgageloan.MortgageredemptioninsuranceJointmortgageredemptioninsuranceprovidesthesamebenefitasamortgageredemptionpolicyexceptthejointpolicyinsuresthelivesoftwopeople.Creditlifeinsu

7、ranceCreditlifeinsuranceisatypeoftermlifeinsurancedesignedtopaythebalancedueonaloaniftheborrowdiesbeforetheloanisrepaid.FamilyIncomecoverageFamilyincomecoverageisaplanofdecreasingterminsurancethatprovidesastatedmonthlyincomebenefitamounttotheinsured’ssurvivingspo

8、useiftheinsureddiesduringthetermofthecoverage.IncreasingTermInsuranceProvidesadeathbenefitthatstartsatoneamountandincreasebysomespecifiedamountorpercentageatst