subject: Cost Term Life Insurance – The defense of life [print this page] Cost Term Life Insurance The defense of life
Over the years, human life increasingly difficult and complex, and many factors have influenced this state. One is the growing number of people who are prone to a competitor for the other in meeting their basic needs. Another factor is the growing danger in our environment because of the inexorable destruction of the natural resources of planet Earth.
The impact of all these elements for humans has increasedCosts of preserving life and a secure future. These costs are unavoidable and will be fully offset by good planning and the correct choice of one, that many believe that the best way to respond, through the purchase of life insurance.
There are many people who believe that life is not a cost but an investment for future profits. Life insurance is a contract between the contractor (insured) and the company is generallyCall the insurer's liability for a sum of money upon the occurrence of death of the insured or other minor accidents, serious illnesses or terminal payment.
In return, the contractor for a certain amount of money paid as a premium at regular intervals or lump sums. In some countries there are innovative programs, the additional cost to the owner of the policy, taking into account the additional advantages are that the insured or the beneficiary must take the formRepayment of death, funeral expenses and others. But the United States, the most common form is the standard rate especially when the death occurred.
The cost of life insurance is primarily on the amount of debt financing to be paid to the beneficiary, the administrative costs and a reasonable profit. The calculation for the cost of insurance is based on mortality tables by actuaries are based. These are professionals who are expertsActuarial mathematics from mathematical calculations based on probability and statistics. The tables show received the annual estimates of mortality, life expectancy for men from these assumptions, mortality.
There are three important variables in the tables of mortality, such as age, sex and smoking. The common practice today is the death rate as a benchmark for the cost of term life insurance under the used USEHealth and family history of the person who holds a policy of fixing rates and insurability.
In general, the term so dear, when you see go in terms of protecting the life of the insured. Moreover, for many people the certainty that the main value of a safe, not only for the amount of time necessary, but the value of peace, with to offset the negative financialThe effects caused by the death of the insured
