SlideShare ist ein Scribd-Unternehmen logo
1 von 10
TERM LIFE INSURANCE
    Life insurance is a contract between an
     insurance policy holder and an insurer, where
     the insurer promises to pay a designated
     beneficiary sum of money upon the death of
     the insured person.

    There are three key factors to be considered
     in term insurance:
1.     Face amount (protection or death benefit),
2.     Premium to be paid (cost to the insured),
       and
3.     Length of coverage (term).
      © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
PERMANENT LIFE INSURANCE
   Permanent life insurance is life insurance that remains
    active until the policy matures, unless the owner fails to
    pay the premium when due.

   The policy cannot be cancelled by the insurer for any
    reason except fraudulent application, and any such
    cancellation must occur within a period of time defined
    by law.

   The owner can access the money in the cash value by
    withdrawing money, borrowing the cash value, or
    surrendering the policy and receiving the surrender
    value.
       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
TYPES OF PERMANENT
              INSURANCE
   Whole life coverage

   Universal life coverage

   Limited-pay

   Endowments




       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
WHOLE LIFE COVERAGE
   Whole life insurance provides
    lifetime death benefit coverage for a
    level premium in most cases.

   Premiums are much higher than
    term insurance at younger ages, but
    as term insurance premiums rise
    with age at each renewal, the
    cumulative value of all premiums
    paid across a lifetime are roughly
    equal if policies are maintained until
    average life expectancy.

       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
UNIVERSAL LIFE COVERAGE
   Universal life insurance (UL)
    is a relatively new insurance
    product, intended to combine
    permanent insurance
    coverage with greater
    flexibility in premium
    payment, along with the
    potential for greater growth of
    cash values.




       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
LIMITED-PAY
   Another type of permanent
    insurance is Limited-pay life
    insurance, in which all the
    premiums are paid over a
    specified period after which no
    additional premiums are due to the
    policy in force.

   Common limited pay periods
    include 10-year, 20-year, and are
    paid out at the age of 65.


       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
ENDOWMENT POLICY
   An endowment policy is a life
    insurance contract designed to pay
    a lump sum after a specified term
    (on its 'maturity') or on death.

   Endowments can be cashed in early
    (or surrendered) and the holder then
    receives the surrender value which
    is determined by the insurance
    company depending on how long
    the policy has been running and how
    much has been paid in to it.

       © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
   This presentation has derived numerous citations from
    various sources including http://en.wikipedia.org. The
    complete article can be found here.

   LifeInsuranceDirect does not claim the ownership over the
    content of this presentation.
Overview of life insurance

Weitere ähnliche Inhalte

Was ist angesagt?

Ppt on insurance
Ppt on insurancePpt on insurance
Ppt on insuranceatik lodha
 
Life Insurance Basics 1
Life Insurance Basics 1Life Insurance Basics 1
Life Insurance Basics 1rstiller
 
Life insurance
Life insuranceLife insurance
Life insuranceRavi kumar
 
Types Of Insurance
Types Of InsuranceTypes Of Insurance
Types Of Insuranceadminampm
 
sims-special features of insurance contract & mortality rate
sims-special features of insurance contract & mortality ratesims-special features of insurance contract & mortality rate
sims-special features of insurance contract & mortality rateSIMS
 
Principles of valid contract special principles of life insurance
Principles of valid contract    special principles of  life insurancePrinciples of valid contract    special principles of  life insurance
Principles of valid contract special principles of life insuranceVaishnavi Devi
 
Types of insurance
Types of insuranceTypes of insurance
Types of insurancememymyself
 
Property Insurance & the Players
Property Insurance & the PlayersProperty Insurance & the Players
Property Insurance & the PlayersRon Wilkes
 
Type of insurance by pradyumna 9
Type of insurance by pradyumna 9Type of insurance by pradyumna 9
Type of insurance by pradyumna 9Pradyumna Kumar
 
Types of Life Insurance Policies Available in India
Types of Life Insurance Policies Available in IndiaTypes of Life Insurance Policies Available in India
Types of Life Insurance Policies Available in IndiaMyMoneyMantra
 
Insurance concept and types
Insurance concept and typesInsurance concept and types
Insurance concept and typesVishal Jain
 
Why Life Insurance is Required ?
Why Life Insurance is Required ?Why Life Insurance is Required ?
Why Life Insurance is Required ?Sumit Kulshrestha
 

Was ist angesagt? (20)

Ppt on insurance
Ppt on insurancePpt on insurance
Ppt on insurance
 
Types of insurance
Types of insuranceTypes of insurance
Types of insurance
 
Life Insurance Basics 1
Life Insurance Basics 1Life Insurance Basics 1
Life Insurance Basics 1
 
Life insurance
Life insuranceLife insurance
Life insurance
 
Types Of Insurance
Types Of InsuranceTypes Of Insurance
Types Of Insurance
 
sims-special features of insurance contract & mortality rate
sims-special features of insurance contract & mortality ratesims-special features of insurance contract & mortality rate
sims-special features of insurance contract & mortality rate
 
Principles of valid contract special principles of life insurance
Principles of valid contract    special principles of  life insurancePrinciples of valid contract    special principles of  life insurance
Principles of valid contract special principles of life insurance
 
Types of insurance
Types of insuranceTypes of insurance
Types of insurance
 
Endowment Policy
Endowment PolicyEndowment Policy
Endowment Policy
 
Life insurance and its types
Life insurance and its typesLife insurance and its types
Life insurance and its types
 
An introduction to insurance notes
An introduction to insurance notesAn introduction to insurance notes
An introduction to insurance notes
 
Property Insurance & the Players
Property Insurance & the PlayersProperty Insurance & the Players
Property Insurance & the Players
 
Life insurance basics
Life insurance basicsLife insurance basics
Life insurance basics
 
Intro to insurance
Intro to insuranceIntro to insurance
Intro to insurance
 
Type of insurance by pradyumna 9
Type of insurance by pradyumna 9Type of insurance by pradyumna 9
Type of insurance by pradyumna 9
 
Life insurance
Life insuranceLife insurance
Life insurance
 
Types of Life Insurance Policies Available in India
Types of Life Insurance Policies Available in IndiaTypes of Life Insurance Policies Available in India
Types of Life Insurance Policies Available in India
 
Life insurance basics
Life insurance basicsLife insurance basics
Life insurance basics
 
Insurance concept and types
Insurance concept and typesInsurance concept and types
Insurance concept and types
 
Why Life Insurance is Required ?
Why Life Insurance is Required ?Why Life Insurance is Required ?
Why Life Insurance is Required ?
 

Andere mochten auch

2. Insurance - Classification of Insurance
2. Insurance - Classification of Insurance2. Insurance - Classification of Insurance
2. Insurance - Classification of InsuranceKoffee Financial
 
Sbi life insurance
Sbi life insuranceSbi life insurance
Sbi life insuranceDharmik
 
Sbi life insurance project
Sbi life insurance projectSbi life insurance project
Sbi life insurance projectSabbar Tunvar
 
Classification of risks and Insurance
Classification of risks and InsuranceClassification of risks and Insurance
Classification of risks and InsuranceSony Parackal
 
FUNCTIONS OF INSURANCE
FUNCTIONS OF INSURANCEFUNCTIONS OF INSURANCE
FUNCTIONS OF INSURANCEAftab Mulla
 
Ppt insurance ...
Ppt insurance ...Ppt insurance ...
Ppt insurance ...Sham Ghuge
 
Life insurance ppt
Life insurance pptLife insurance ppt
Life insurance pptjaypujara007
 

Andere mochten auch (11)

2. Insurance - Classification of Insurance
2. Insurance - Classification of Insurance2. Insurance - Classification of Insurance
2. Insurance - Classification of Insurance
 
Sbi Life Insurance
Sbi Life InsuranceSbi Life Insurance
Sbi Life Insurance
 
Sbi life insurance
Sbi life insuranceSbi life insurance
Sbi life insurance
 
Sbi life insurance project
Sbi life insurance projectSbi life insurance project
Sbi life insurance project
 
Classification of risks and Insurance
Classification of risks and InsuranceClassification of risks and Insurance
Classification of risks and Insurance
 
FUNCTIONS OF INSURANCE
FUNCTIONS OF INSURANCEFUNCTIONS OF INSURANCE
FUNCTIONS OF INSURANCE
 
Insurance
InsuranceInsurance
Insurance
 
Ppt insurance ...
Ppt insurance ...Ppt insurance ...
Ppt insurance ...
 
Life Insurance
Life InsuranceLife Insurance
Life Insurance
 
Types of Insurance
Types of Insurance Types of Insurance
Types of Insurance
 
Life insurance ppt
Life insurance pptLife insurance ppt
Life insurance ppt
 

Ähnlich wie Overview of life insurance

24911841 max-newyork-life
24911841 max-newyork-life24911841 max-newyork-life
24911841 max-newyork-lifeForam Thakkar
 
Principle of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd termPrinciple of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd termanoitedsolomon
 
Types of insurance
Types of insuranceTypes of insurance
Types of insuranceDhruvshah31
 
Universal Life Insurance - Protection that stays with you
Universal Life Insurance - Protection that stays with youUniversal Life Insurance - Protection that stays with you
Universal Life Insurance - Protection that stays with youTim Mark
 
Economic Justification of Life Insurance
Economic Justification of Life Insurance Economic Justification of Life Insurance
Economic Justification of Life Insurance MUDASSAR AFZAL
 
Insurance products (Life Insurance)
Insurance products (Life Insurance)Insurance products (Life Insurance)
Insurance products (Life Insurance)Rohit Kumar
 
Wm 5 insurance planning retirement planning
Wm 5 insurance planning retirement planningWm 5 insurance planning retirement planning
Wm 5 insurance planning retirement planningyogesh ingle
 
Whole Story Life
Whole Story LifeWhole Story Life
Whole Story Lifeguest4a21e5
 
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docx
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docxTerm Life InsuranceLife and Health Insurance FIN 3660Chapte.docx
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docxmehek4
 
Coustomer satisfaction minor project
Coustomer satisfaction minor project Coustomer satisfaction minor project
Coustomer satisfaction minor project tribal12
 
A Simple Guide to Understanding Whole Life and Term Life Insurance
A Simple Guide to Understanding Whole Life and Term Life InsuranceA Simple Guide to Understanding Whole Life and Term Life Insurance
A Simple Guide to Understanding Whole Life and Term Life InsuranceRobert Taurosa
 
Value of Whole LIfe
Value of Whole LIfeValue of Whole LIfe
Value of Whole LIfeampanek
 
Unlocking value of whole life
Unlocking value of whole lifeUnlocking value of whole life
Unlocking value of whole lifeaa545041
 
Value of Whole Life
Value of Whole LifeValue of Whole Life
Value of Whole Lifejkduke
 

Ähnlich wie Overview of life insurance (20)

24911841 max-newyork-life
24911841 max-newyork-life24911841 max-newyork-life
24911841 max-newyork-life
 
Principle of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd termPrinciple of insurance ss 2 2 nd term
Principle of insurance ss 2 2 nd term
 
Insurance by Finosh
Insurance by FinoshInsurance by Finosh
Insurance by Finosh
 
Types of insurance
Types of insuranceTypes of insurance
Types of insurance
 
Merchant banking (v unit)
Merchant banking (v  unit)Merchant banking (v  unit)
Merchant banking (v unit)
 
Universal Life Insurance - Protection that stays with you
Universal Life Insurance - Protection that stays with youUniversal Life Insurance - Protection that stays with you
Universal Life Insurance - Protection that stays with you
 
Economic Justification of Life Insurance
Economic Justification of Life Insurance Economic Justification of Life Insurance
Economic Justification of Life Insurance
 
Insurance products (Life Insurance)
Insurance products (Life Insurance)Insurance products (Life Insurance)
Insurance products (Life Insurance)
 
Life insurance
Life insurance Life insurance
Life insurance
 
Wm 5 insurance planning retirement planning
Wm 5 insurance planning retirement planningWm 5 insurance planning retirement planning
Wm 5 insurance planning retirement planning
 
Whole Story Life
Whole Story LifeWhole Story Life
Whole Story Life
 
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docx
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docxTerm Life InsuranceLife and Health Insurance FIN 3660Chapte.docx
Term Life InsuranceLife and Health Insurance FIN 3660Chapte.docx
 
What is an insurance
What is an insuranceWhat is an insurance
What is an insurance
 
Coustomer satisfaction minor project
Coustomer satisfaction minor project Coustomer satisfaction minor project
Coustomer satisfaction minor project
 
A Simple Guide to Understanding Whole Life and Term Life Insurance
A Simple Guide to Understanding Whole Life and Term Life InsuranceA Simple Guide to Understanding Whole Life and Term Life Insurance
A Simple Guide to Understanding Whole Life and Term Life Insurance
 
Insurance
InsuranceInsurance
Insurance
 
Value of Whole LIfe
Value of Whole LIfeValue of Whole LIfe
Value of Whole LIfe
 
Unlocking value of whole life
Unlocking value of whole lifeUnlocking value of whole life
Unlocking value of whole life
 
Value of Whole Life
Value of Whole LifeValue of Whole Life
Value of Whole Life
 
Why Whole Life?
Why Whole Life?Why Whole Life?
Why Whole Life?
 

Kürzlich hochgeladen

Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Cuttack Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...Arohi Goyal
 
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service Kochi
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service KochiLow Rate Call Girls Kochi Anika 8250192130 Independent Escort Service Kochi
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service KochiSuhani Kapoor
 
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...narwatsonia7
 
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual Needs
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual NeedsBangalore Call Girl Whatsapp Number 100% Complete Your Sexual Needs
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual NeedsGfnyt
 
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Varanasi Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.Artifacts in Nuclear Medicine with Identifying and resolving artifacts.
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.MiadAlsulami
 
High Profile Call Girls Coimbatore Saanvi☎️ 8250192130 Independent Escort Se...
High Profile Call Girls Coimbatore Saanvi☎️  8250192130 Independent Escort Se...High Profile Call Girls Coimbatore Saanvi☎️  8250192130 Independent Escort Se...
High Profile Call Girls Coimbatore Saanvi☎️ 8250192130 Independent Escort Se...narwatsonia7
 
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Nagpur Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...hotbabesbook
 
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Service
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort ServicePremium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Service
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Servicevidya singh
 
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Bangalore Call Girls Nelamangala Number 7001035870 Meetin With Bangalore Esc...
Bangalore Call Girls Nelamangala Number 7001035870  Meetin With Bangalore Esc...Bangalore Call Girls Nelamangala Number 7001035870  Meetin With Bangalore Esc...
Bangalore Call Girls Nelamangala Number 7001035870 Meetin With Bangalore Esc...narwatsonia7
 
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...Taniya Sharma
 
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Siliguri Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service AvailableDipal Arora
 
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoy
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night EnjoyCall Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoy
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoybabeytanya
 
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Delivery
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on DeliveryCall Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Delivery
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Deliverynehamumbai
 
Call Girl Coimbatore Prisha☎️ 8250192130 Independent Escort Service Coimbatore
Call Girl Coimbatore Prisha☎️  8250192130 Independent Escort Service CoimbatoreCall Girl Coimbatore Prisha☎️  8250192130 Independent Escort Service Coimbatore
Call Girl Coimbatore Prisha☎️ 8250192130 Independent Escort Service Coimbatorenarwatsonia7
 

Kürzlich hochgeladen (20)

Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Cuttack Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Cuttack Just Call 9907093804 Top Class Call Girl Service Available
 
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...
All Time Service Available Call Girls Marine Drive 📳 9820252231 For 18+ VIP C...
 
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service Kochi
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service KochiLow Rate Call Girls Kochi Anika 8250192130 Independent Escort Service Kochi
Low Rate Call Girls Kochi Anika 8250192130 Independent Escort Service Kochi
 
Russian Call Girls in Delhi Tanvi ➡️ 9711199012 💋📞 Independent Escort Service...
Russian Call Girls in Delhi Tanvi ➡️ 9711199012 💋📞 Independent Escort Service...Russian Call Girls in Delhi Tanvi ➡️ 9711199012 💋📞 Independent Escort Service...
Russian Call Girls in Delhi Tanvi ➡️ 9711199012 💋📞 Independent Escort Service...
 
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...
Top Rated Bangalore Call Girls Mg Road ⟟ 8250192130 ⟟ Call Me For Genuine Sex...
 
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual Needs
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual NeedsBangalore Call Girl Whatsapp Number 100% Complete Your Sexual Needs
Bangalore Call Girl Whatsapp Number 100% Complete Your Sexual Needs
 
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Aurangabad Just Call 9907093804 Top Class Call Girl Service Available
 
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Varanasi Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Varanasi Just Call 9907093804 Top Class Call Girl Service Available
 
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.Artifacts in Nuclear Medicine with Identifying and resolving artifacts.
Artifacts in Nuclear Medicine with Identifying and resolving artifacts.
 
High Profile Call Girls Coimbatore Saanvi☎️ 8250192130 Independent Escort Se...
High Profile Call Girls Coimbatore Saanvi☎️  8250192130 Independent Escort Se...High Profile Call Girls Coimbatore Saanvi☎️  8250192130 Independent Escort Se...
High Profile Call Girls Coimbatore Saanvi☎️ 8250192130 Independent Escort Se...
 
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Nagpur Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Nagpur Just Call 9907093804 Top Class Call Girl Service Available
 
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...
Night 7k to 12k Chennai City Center Call Girls 👉👉 7427069034⭐⭐ 100% Genuine E...
 
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Service
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort ServicePremium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Service
Premium Call Girls Cottonpet Whatsapp 7001035870 Independent Escort Service
 
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Ludhiana Just Call 9907093804 Top Class Call Girl Service Available
 
Bangalore Call Girls Nelamangala Number 7001035870 Meetin With Bangalore Esc...
Bangalore Call Girls Nelamangala Number 7001035870  Meetin With Bangalore Esc...Bangalore Call Girls Nelamangala Number 7001035870  Meetin With Bangalore Esc...
Bangalore Call Girls Nelamangala Number 7001035870 Meetin With Bangalore Esc...
 
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...
(👑VVIP ISHAAN ) Russian Call Girls Service Navi Mumbai🖕9920874524🖕Independent...
 
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service AvailableCall Girls Siliguri Just Call 9907093804 Top Class Call Girl Service Available
Call Girls Siliguri Just Call 9907093804 Top Class Call Girl Service Available
 
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoy
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night EnjoyCall Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoy
Call Girl Number in Panvel Mumbai📲 9833363713 💞 Full Night Enjoy
 
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Delivery
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on DeliveryCall Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Delivery
Call Girls Colaba Mumbai ❤️ 9920874524 👈 Cash on Delivery
 
Call Girl Coimbatore Prisha☎️ 8250192130 Independent Escort Service Coimbatore
Call Girl Coimbatore Prisha☎️  8250192130 Independent Escort Service CoimbatoreCall Girl Coimbatore Prisha☎️  8250192130 Independent Escort Service Coimbatore
Call Girl Coimbatore Prisha☎️ 8250192130 Independent Escort Service Coimbatore
 

Overview of life insurance

  • 1.
  • 2. TERM LIFE INSURANCE  Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary sum of money upon the death of the insured person.  There are three key factors to be considered in term insurance: 1. Face amount (protection or death benefit), 2. Premium to be paid (cost to the insured), and 3. Length of coverage (term). © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 3. PERMANENT LIFE INSURANCE  Permanent life insurance is life insurance that remains active until the policy matures, unless the owner fails to pay the premium when due.  The policy cannot be cancelled by the insurer for any reason except fraudulent application, and any such cancellation must occur within a period of time defined by law.  The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 4. TYPES OF PERMANENT INSURANCE  Whole life coverage  Universal life coverage  Limited-pay  Endowments © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 5. WHOLE LIFE COVERAGE  Whole life insurance provides lifetime death benefit coverage for a level premium in most cases.  Premiums are much higher than term insurance at younger ages, but as term insurance premiums rise with age at each renewal, the cumulative value of all premiums paid across a lifetime are roughly equal if policies are maintained until average life expectancy. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 6. UNIVERSAL LIFE COVERAGE  Universal life insurance (UL) is a relatively new insurance product, intended to combine permanent insurance coverage with greater flexibility in premium payment, along with the potential for greater growth of cash values. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 7. LIMITED-PAY  Another type of permanent insurance is Limited-pay life insurance, in which all the premiums are paid over a specified period after which no additional premiums are due to the policy in force.  Common limited pay periods include 10-year, 20-year, and are paid out at the age of 65. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 8. ENDOWMENT POLICY  An endowment policy is a life insurance contract designed to pay a lump sum after a specified term (on its 'maturity') or on death.  Endowments can be cashed in early (or surrendered) and the holder then receives the surrender value which is determined by the insurance company depending on how long the policy has been running and how much has been paid in to it. © Copyright 2011 - 2012 www.LifeInsuranceDirect.com.au
  • 9. This presentation has derived numerous citations from various sources including http://en.wikipedia.org. The complete article can be found here.  LifeInsuranceDirect does not claim the ownership over the content of this presentation.