LIFE INSURANCE

Premium rates for Life Insurance Products



Life Insurance Policies Assumption

Introduction

Majority of the people purchase life insurance mainly for investment, life cover and tax advantages that offered by the life insurances companies. However, nobody tends to understand how the life insurance plan works for people and how the premiums are determined. Insurance premium based on the type and amount of insurance purchased and chance of death while the policy is in effect that is determined through the lifestyle habits i.e. smoking along with your age and medical condition.

Discussion

The reasons for the assumptions with respect to investment returns, mortality and expenses ...