Perils Threatening Income-Earning Ability
Death Disability Superannuation Unemployment
Risks Arising From Uncertainty of Time of Death
The individual faces two risks that arise from
uncertainty concerning time of death:
1.Premature death (death while others remain
dependent on individual’s income)2.Superannuation
(the risk of retiring without
adequate assets to cover living expenses during retirement)
Death and Superannuation
The risks of death and superannuation are mutually
exclusive and complementary events:1.If individual
dies prematurely, he or she will
have no need for retirement funds.
2.If individual lives until retirement, provision
for premature death will not be used.
Objectives in Managing Personal Risks
1.To avoid deprivation of the individual and those
dependent on him or her in the event of loss that
terminates income.
2.From personal financial planning, sometimes the
goal of transferring the maximum wealth possible
to dependents.Identifying Risk of Loss From
Premature Death
Senior citizens face special problems in the area of health care costs becausethey often need more extensive care than other members of society, and b...
已下载:0次 是否免费:否 上传时间:2021-04-18Medical expense insurance provides for the payment of the costs of medical care that result from sickness and injury. Covers expenses of physicians, h...
已下载:0次 是否免费:否 上传时间:2021-04-171.Provides periodic payments to person insured when he or she is unable to work because of injury or illness.2.Coverage may be provided for accidents ...
已下载:0次 是否免费:否 上传时间:2021-04-161.Retirement risk arises from uncertainty concerning the time of death2.It is influenced by physiological and cultural hazardspeople tend to live long...
已下载:0次 是否免费:否 上传时间:2021-04-151.Reverse application of the law of large numbers as it is used in life insurance.2.Law of averages permits a lifetime guaranteed income to each annui...
已下载:0次 是否免费:否 上传时间:2021-04-14Three questions in buying life insurance:How much should I buy?What kind should I buy?From which company should I buy it?Buy Term and Invest the Diffe...
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