风险与保险原理课件_ch16 专业人寿合同(英文版)(19页)ppt.pdf
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Specialized Life Contracts
Many life insurance contracts have been designed
to meet specialized situations
These contracts may
or may not offer the same degree of flexibility as
do the basic contracts.
They often have advantages
that make them attractive for specialized needs.
Specialized contracts are merely combinations or
modifications of the basic types of life insurance
10 years
20 years
$100,000
Mortgage
Redemption
Policy
Uniform
Decreasing
Term
Joint Mortgage Redemption Policy
1.Decreasing term, written on two lives.2.Designed to cover
mortgage obligation of a
two-income couple in the event one dies.3.Premium is slightly
less than separate individual
mortgage protection policies on each partner.
Survivorship Whole Life
1.Also called “second-to-die” policy.
2.Insures two lives and pays only at the time of the second death.
3.Designed to cover estate taxes payable at the death of a surviving spouse, since marital
deduction will not be available under the federal estate tax.