Term insurance

Life Whole life insurance

• ‫تااعاؤؤبءلؤباتالتى‬ • Lifetime protection

• ‫ةناتاات‬Convertible • Generic name for a cash-value policy
• Called ordinary life insurance if premiums are payable
throughout the lifetime of the insured and limited
payment life insurance if the premium period is less
than the insured’s lifetime
Yearly ble
renewa ghjhhh Variable Life Insurance
• Issued for a one-year period .
•jnjkbjbjjbknkklklkkjbjkkjjbkbknkjkjn • Similar to a mutual fund ma‫تىىىىىىىىىىنللغعغعل‬intained by the insurer.
• The death benefit and cash surrender values will increase or decrease
with the investment experience of the separate account.
Universal
• Unbundling of protection L‫نىتنننننننننننن‬
and saving component ife
Insurance
• Two forms of universal life insurance
• Considerable flexibility
Term to age 65 • Cash withdrawals permitted
• Favorable income-tax treatment
• Provides protection to age 65, at which time the policyexpires
can converted to a permanent plan of insuranc‫تنتالتااالتاتارتفاارتتالنتالن‬e, but the
decision to convert must be exercised before age 65.
Indexediversal life insurance
Decreasing term • Minimum interest rate guarantee.
• The face amount gradually declines each • Additional interest may be credited to the ‫ نتتتتتهخههااه‬and there is a
year.‫نهتخته‬
Reentry term formula for determining it.
• Renewal premiums are based on select (lower) mortality • ‫تنتنتنابعغفغيتاكاى مهىاماااععلغل‬
rates‫ تتننتلبيفقيعنتحهتخغها‬if the insured can periodically demonstrate ‫نتااااعتتن‬
acceptable evidence of insurability. Variable Universal Life Insurance
• Product that returns the premiums at the end of the term period, • Sold as investments or tax shelters.
Endowment insurance
provided the insurance is still in force.