Life Insurance Companies
Done By: Elissar Arbache
06/10/18
What is a life insurance company?
01
What is a life insurance company?
A contract between the insured and the insurance comapny that pays out if the insured died. > the insurance money goes to a family member
Types of life insurance
02
1- Term life
Covers the insured for a set amount of time usually from 15 to 50 years > if you die during this period they pay out if you dont you get nothing > they run models to detemine how many people will die in a given time and risk of death > they can also invest in the premium you pay making more profit
2- Permanent life
They will pay out only if the insured is still paying by the time he dies > if a person stops paying they get to keep the money (no refund) which is pure profit > they invest in the money over time
Thank you!
PASTEL COLOR PRESENTATION
jeffrey Dory
Created on April 8, 2023
Start designing with a free template
Discover more than 1500 professional designs like these:
View
Relaxing Presentation
View
Modern Presentation
View
Colorful Presentation
View
Modular Structure Presentation
View
Chromatic Presentation
View
City Presentation
View
News Presentation
Explore all templates
Transcript
Life Insurance Companies
Done By: Elissar Arbache
06/10/18
What is a life insurance company?
01
What is a life insurance company?
A contract between the insured and the insurance comapny that pays out if the insured died. > the insurance money goes to a family member
Types of life insurance
02
1- Term life
Covers the insured for a set amount of time usually from 15 to 50 years > if you die during this period they pay out if you dont you get nothing > they run models to detemine how many people will die in a given time and risk of death > they can also invest in the premium you pay making more profit
2- Permanent life
They will pay out only if the insured is still paying by the time he dies > if a person stops paying they get to keep the money (no refund) which is pure profit > they invest in the money over time
Thank you!