Not exact matches
Policy instruments (e.g., long ‐
term loans) that acknowledge these behavioural biases and
spread upfront costs
over time so that they yield net benefits in the short ‐ run have been shown to perform quite well.
If your mortgage is
spread over 30 years and your home is $ 250,000, you can get a
policy that will match those
terms.
The payment of the premium is
spread over the premium paying
term which is designated by the purchased
policy.
Under money back plans, survival benefits are
spread over the
term of the
policy i.e., certain percentage of sum assured is paid at regular intervals.