This is done using aggregate data and actuarial tables — which basically display the probability a person will die at each age — to see how likely it is they'll
die over the term of the policy.
This is what's known as the underwriting process; the carrier is finding out your risk level — the probability that you'll
die over the term of your policy — and setting your premiums accordingly.
Not exact matches
People
over 45 basically
die in
terms of new ideas,» at one conference last year.
In Australia, we don't think about regulation until somebody starts falling
over and
dying, and that's unacceptable in
terms of food safety.»
Juli Marial (
died 1971) took
over as president of FC Barcelona on October 16, 1906, and like his predecessor Josep Soler, had to steer the club through difficult times in both social and sporting
terms
In
terms of negative reviews, some have reported issues with it malfunctioning or
dying over time.
@AndrewGrimm IMO «faking» would not seem to be a good
term for an event in which
over 60 people
died, even in case «staging» could apply.
Former national security adviser Sandy Berger, who helped craft President Bill Clinton's second -
term foreign policy and got in trouble
over mishandling classified documents, has
died, a spokesman for his consulting firm said.
Alluding to the current debate
over national health care policy, Clegg's press release said the couple's newborn daughter «nearly
died at birth and required multiple operations and long -
term medical care.
But for some patients who have received therapy and survived, the risk of
dying from the side effects
over the long
term might be even higher than from the cancer.
In your lifetime,
over the next 50 years as an author, and 75 years after you
die, is 1 year short -
term?
In
terms of content, there's plenty of it with six different adventures to work your way through, containing
over 200 different puzzle chambers that you'll more than likely
die in at least once.
Since the Butcher (like every enemy type) is for lack of a better
term - entirely
over powered, if he hit's the player two to three times in a row they
die.
Consider oyster farmers in the Pacific Northwest, who have seen
over 90 percent of their oyster «spat» (their
term for baby oysters)
die off when corrosive waters upwell from the deep Pacific onto the continental shelf.
In addition,
over the longer
term (assuming we have not all — in the words of a famous economist -
died), fewer ticket sales should lead to airlines buying fewer / smaller planes.
Should a policy holder
die before the
term is
over, a beneficiary will receive a death benefit.
Both
term and permanent policies allow you to select an amount of coverage in exchange for your premium payments
over the life of the policy, providing a lump sum payment to your beneficiaries when you
die.
The goal is for investments and savings to build
over the years with the
term insurance being there in case one or possibly both partners in the marriage should
die.
As the name implies, this rider will allow
term life insurance policyholders to recover all or part of their premiums paid
over the life of the policy if they do not
die during the stated
term.
Over the years, consumers have been faced with the difficult decision of cheaper
term life insurance that's likely to expire before you pass away or higher initial premium whole life insurance that lasts until you
die.
Regardless of the shifts in the stock market and the value of your assets
over time, when you
die,
term life insurance offers your family a secure financial future whose value you predetermine when you buy your policy.
Over 143,579 people
die each year from stroke in the United States and stroke is a leading cause of serious long -
term disability.
This way if you were to
die late in the policy
term, there would be a substantial amount of money left
over for your beneficiary after paying off the mortgage.
Term insurance is the simplest form of life insurance plan that offers comprehensive life coverage
over a period of time and in case the insured person
dies during the tenure of the policy, the guaranteed death benefit is payable to the nominee of the policy.
If you don't
die within the
term, all those payments you made
over the years were technically wasted; but you're still alive, so it's not all bad news.
If you don't
die, the policy goes away once the
term is
over — you don't have to pay your premiums anymore, but your beneficiaries are also no longer going to get a death benefit.
The idea is that the risk of your
dying is calculated
over the
term of the policy, and your premiums will reflect that risk.