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 Ins
Peace”. Reviewing the six sub-mottos that the camp is bringing, it is clear that Mr. Moon and his people tried to set up presidential election pledges that are guaranteeing a society where justice and fairness are embodied. They are promising to establish various policies such as making enough jobs, welfare systems which especially are targeted at the old, women, children, and the disabled.
policies that politicians insist and the political party argues about. Speaking of general election, it was held in April 11th, 2012, and to make it brief, the conservative party, Saenuri party, won the election with majority of seats over Democratic United party, which is liberal. We cannot judge their welfare policies just by looking at the result of election, however, it is somewhat related be
Ⅰ. Introduction of insurance industry
Property Insurance
- Long-term insurance(3~15)
· Permanent Insurance
· Savings Insurance!!!
- Car insurance
: Now in declining trend due to Global Crisis
- General insurance
· Fire
· Marine
· Special
Ⅲ. Applying IFRS
The issue about introduction of IFRS
Late 1997 after the financial crisis due to interlayer polarization in the labor market share decline, the difficult living and low incomes continue to increase. since 2007 the global financial crisis, rising unemployment, income polarization, deterioration of family income, inflation, Household debt and interest burden due to increased sales of credit by various factors, including difficulties i