Article Abstract:
The recent trend in term rates is towards lower premiums. Improved mortality is one factor; tax advantages are another. Reinsurance has offset losses. Reinsurers have lowered coinsurance requirements as well as reinsurance retentions for term insurance. Lapse rates, however, have been high, caused by low first-year premiums and high first-year commissions. New products to boost term sales include Attained-Age ART, five, and ten year renewable and convertible term, deposit term, reentry term with level commissions, and single premium term. Level commissions along with level premiums and deposit term plans offer the best combination for success in the future.
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Article Abstract:
Indeterminate Premium Annual Renewable Term Policy has scheduled premiums for the first years after which the company may adjust premiums up or down within guaranteed maximum rates. These policies are leaders in low priced term policies. A premium and Surrender Cost Index comparison table is included.
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Article Abstract:
A comparison of participating whole life is based on policies offered by two hundred companies. Only one policy is shown for each company. Charts illustrate comparison figures.
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