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  2. Increased limit factor - Wikipedia

    en.wikipedia.org/wiki/Increased_limit_factor

    Often, limited data is available to determine appropriate charges for high limits of insurance. In order to price policies with high limits of insurance adequately, actuaries may first determine a "basic limit" premium and then apply increased limits factors. The basic limit is a lower limit of liability under which there is a more credible ...

  3. Life Insurance Ownership Is at a 50-Year Low, But Now's the ...

    www.aol.com/news/2010-09-21-life-insurance...

    LIMRA, the insurance research firm, recently released a survey with a couple of startling statistics. Namely, individual life insurance ownership is at its lowest point in 50 years, even though 40 ...

  4. Actuarial reserves - Wikipedia

    en.wikipedia.org/wiki/Actuarial_reserves

    Reserves for the remainder of the insurance are calculated as if they are for the same insurance minus the first year. This method usually decreases reserves in the first year sufficiently to allow payment of first year expenses for low-premium plans, but not high-premium plans such as limited-pay whole life. [2]

  5. Rate making - Wikipedia

    en.wikipedia.org/wiki/Rate_making

    The net single premium may be leveled to convert to installment premiums. A loading for expenses is added to determine the gross premium. [1] With determining life expectancy, age is the most important factor, other significant factors are sex of the individual and smoking.

  6. How to buy life insurance in 8 steps - AOL

    www.aol.com/finance/buy-life-insurance-8-steps...

    Term life insurance: Term life insurance is generally the cheapest kind of life insurance. It provides coverage over a specific term period, usually between 10 and 30 years.

  7. Low Interest Rates Impacting Your Life Insurance Company - AOL

    www.aol.com/2012/12/18/low-interest-rates...

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