à¤िडियो हेर्न तलको बक्स à¤ित्र क्लिक गर्नुहोस
 |
Fifty years ago, most life insurance policies sold were guaranteed and
offered by mutual fund companies. Choices were limited to term, endowment or
whole life policies. It was simple, you paid a high, set premium and the
insurance company guaranteed the death benefit. All of that changed in the
1980s. Interest rates soared, and policy owners surrendered their coverage to
invest the cash value in higher interest paying non-insurance products. To
compete, insurers began offering interest-sensitive non-guaranteed policies.
Guaranteed versus Non-Guaranteed Policies
Today, companies offer a broad range of guaranteed and non-guaranteed life
insurance policies. A guaranteed policy is one in which the insurer assumes all
the risk and contractually guarantees the death benefit in exchange for a set
premium payment. If investments underperform or expenses go up, the insurer has
to absorb the loss. With a non-guaranteed policy the owner, in exchange for a
lower premium and possibly better return, is assuming much of the investment
risk as well as giving the insurer the right to increase policy fees. If things
don’t work out as planned, the policy owner has to absorb the cost and pay a
higher premium.
à¤िडियो हेर्न तलको बक्स à¤ित्र क्लिक गर्नुहोस
|
No comments:
Post a Comment