How the cost of life insurance is determined 2024?
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Studied at the University of California, Los Angeles, Lives in Los Angeles, CA, USA.
The premium rate for a life insurance policy is based on two underlying concepts: mortality and interest. A third variable is the expense factor which is the amount the company adds to the cost of the policy to cover operating costs of selling insurance, investing the premiums, and paying claims.
2023-05-15 12:05:51
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Levi Martinez
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The premium rate for a life insurance policy is based on two underlying concepts: mortality and interest. A third variable is the expense factor which is the amount the company adds to the cost of the policy to cover operating costs of selling insurance, investing the premiums, and paying claims.