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class (chapter 4) (types of insurance (term life. when term is up you…

- - - - connects to amount you owe. like a mortgage every time you pay on it, the mortgage decreases.
    - - keeps up with the cost of living (col)/inflation
    - - premium increases
  - - - not paying premium for the rest of your life
    - - get immediate cash value.
    - - 80 to 90 percent of premiums are invested in securities and the rest tied to stipulated stock index
    - - premiums increase yearly in preliminary period
  - - - modal
      - target
      - minimal
      - flexible premiums