保险学 Insurance Chapter 11.pptVIP

Chapter 11 Life Insurance Variations of Whole Life Insurance An indeterminate-premium whole life policy is a generic name for a nonparticipating policy that permits the insurer to adjust premiums based on anticipated future experience After an initial guaranteed period, the insurer can increase premiums up to the maximum limit if the insurer’s experience is expected to worsen Other Types of Life Insurance A modified life policy is a whole life policy in which premiums are lower for the first three to five years and higher thereafter Preferred risk policies are sold at lower rates to individu