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Life insurance companies makes use of the Laws of Probability in order to

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Estimate Future Death rates among members of a given group

Front

If Rosa wants to continue her renewable term insurance, she may

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Renew the cover based on the higher premium

Front

Limited Payment life policies are policies that

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Limit the period during which premiums are payable

Front

Imelda is considering purchasing either endowment or term life policy. What do these policies have in common?

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Insurance protection will be limited in a specific period.

Front

A Yearly Renewable term life insurance policy generally specifies

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Premiums shall increase everytime the policy is renewed

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A person wanting a greater coverage for the least amount of premium has an option of attaching what rider in his permanent life policy?

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Term Insurance Rider

Front

The total life coverage of a permanent basic life policy can be greatly increased thru the use of a supplemental term rider

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a supplemental term rider

Front

In a child insurance policy, the Parent Waiver Clause Provides that

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The premiums are waived if the father is disabled or dies.

Front

If an insured is disabled & his life insurance policy is being continued in force thru the Waiver of Premium the dividends of the policy would

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Continue as if the owner is paying the premium

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If the policy holder changes his occupation without notifying the company, might it affect the benefits under his policy?

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No, the benefits agreed upon at the inception of the policy may not be changed.