保险术语 6（Insurance terminology 6）.docVIP

保险术语 6（Insurance terminology 6） Sender: ceeena (light wave @ retreat hard, something cast //bow), letter: Insurance_Act Title: Insurance terminology 6 Post office: Sun Moon Guanghua (2004, 03, 18, 10:34:51 Thursday), station mail [X] Credit life insurance The association of commercial banks, savings and loan associations, protects against the credit risk of debtors who buy homes with mortgages Insurance. If the death of the borrower, the insurance company paid the outstanding loan amount. A lending institution is both a policy holder and a beneficiary But the premium is paid by the borrower. Credit life insurance is usually subject to a fixed amount limit and is payable at the same time as the loan is repaid Minus, when the loan is fully discharged, the responsibility will be terminated. Cash value (Cash, Value) Also known as the cash surrender or surrender value, the insured require termination or surrender, the insurance company should be reimbursed Amount of money。 In long-term life insurance contracts, the insurer usually needs to pay a certain amount of liability when performing contractual obligations Reserve fund. When the insured demands surrender or surrender within the period of validity of the insurance, the insurer shall be liable for the deposit in accordance with the regulations The reserve shall be refunded to the insured after deducting the balance of the cancellation, and this portion of the balance shall be the cancellation fee, that is, the policy place at the time of surrender Cash value. Life insurance companies are required to deduct the proceeds of the contract rather than refund all the liabilities that have been deposited The insurer, in the light of the following reasons: (1) increased adverse selection. Because the frail do not usually come up halfway The average mortality rate of the insured will be raised after the termination of the contract by a large number of physically healthy persons. (2) influence the use of funds Reduce company i