소개글
생명보험(영문)에 대한 자료입니다.
목차
1. History of Life Insurance
2. Concept & Characteristics
3. Types of Life Insurance
4. Life Insurance Products
5. Which Life Insurance to Choose
본문내용
Concept & Characteristics
Life Insurance
Contract between policy owner and insurer
Insurer agrees to pay a sum of money upon the insured individual’s death or other event, such as terminal illness or critical illness
Two major categories
Protection policies
Investment policies
Characteristics
Two major Characteristics of Life Insurance
1. Eventual Certainty
Everyone dies!
2. Not a Contact of Indemnity
Cannot place value on human life
Types of Life Insurance
1. Term Life Insurance
Provides Life Insurance coverage for a specific term of years for a specified premium
Does not accumulate cash value
“Pure Insurance”
Three key factors
- Face amount (protection or death benefit)
- Premium to be paid (cost to the insured)
- Length of coverage (term)