Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.4<br />
Life Insurance<br />
The Principle of Life Insurance<br />
Over the years, insurance companies have<br />
compiled tables that show an estimate of how<br />
long people live. Using these tables, the<br />
companies:<br />
• Make a rough guess about a person’s life<br />
span<br />
• Set the price of insurance premiums for<br />
him or her accordingly<br />
The sooner a person is likely to die, the higher<br />
the premium he or she will pay to have life<br />
insurance.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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