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Post by baniyan143 on Nov 3, 2011 9:27:26 GMT -5
The age, gender, health and lifestyle of the insured are taken into account by the insurance company, or carrier, when the application for insurance is first submitted. Based on the information provided, which the carrier may choose to verify by sending the applicant to its own doctor for an exam
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Post by mortgages143 on Nov 3, 2011 9:37:08 GMT -5
A whole life insurance premium is the money paid to a life insurance company in exchange for the company’s promise to pay a set amount in accordance with the policyholder’s instructions, upon the death of the insured person. Many factors affect the amount of the premium, the most important of which are the age, gender, health and lifestyle of the insured. Other factors include the costs involved in selling and maintaining the policy, as well as establishing the savings component of the policy, called the cash value.
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