Individual Life Insurance

Individual life insurance-life insurance products are marketed individually (per person) by the insurance company. Because its so then the selection process (underwriting) against the prospective insured also made people per person, so it's possible the premiums rates become more expensive.

Quantity of individual insurance premiums also vary greatly, it is due to the difference in the conditions and characteristics of each individual candidate for the insured.

So despite some published policy to an individual who was relatively the same, the sum assured (UP) are exactly the same magnitude, the insurance period is also the same, but the magnitudes of the premiums can be different.

Life insurance premiums magnitudes each individual it is possible to differ due to health conditions or different hobbies. For example, for a client who suffered from a specific disease are very influential towards the hope of his life (life expectancy), it will be charged a higher premium rates compared to the premium charged to the insured. 

Similarly with people who have hobbies parachuting then will be charged a premium rate this type of insurance is higher than someone who has a hobby playing music.

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