Purpose: To use measurements obtained in the lab to accurately obtain the specific heat of the
External Temperature probe
Hot water bath
Life Insurance Premiums, Proceeds and Beneficiaries
PRIMARY FACTORS IN PREMIUM CALCULATIONS
Once an insurance company determines that an applicant is insurable, they need to establish the
payment (premium) for the insurance policy.
Life insurance premium
Life Insurance Policies
TYPES OF LIFE INSURANCE POLICIES
The following are the three main types of life insurance:
1. Ordinary life: Is made up of several types of individual life insurance, such as temporary (term),
Term life: insuranc
QUALIFIED PLANS VERSUS NONQUALIFIED PLANS
Qualified plans are retirement plans that meet federal requirements and receive favorable tax treatment.
Qualified plans provide tax benefits and must be approved by the IRS. The plans must be pe
Life Insurance Underwriting and Policy Issue
PURPOSE OF UNDERWRITING
Underwriting is the process used by an insurance company to determine whether or not an applicant is
insurable and if so, how much to charge for premiums. The underwriter will utilize s
PURPOSE AND FUNCTION
While life insurance protects against the risk of premature death, annuities protect against the risk of
living too long.
Annuities: are ways of providing a stream of income for a guaranteed period of time.
Lab Report Guide
Write a lab report for this lessons lab. Be sure that your report:
includes all major elements of a lab report.
meets your teachers content and format expectations.
is clearly organized and formatted.
demonstrates strong scient
Basic Principles of Life and Health Insurance and Annuities
TYPES OF INSURANCE COMPANIES
Multi-line insurer: An insurance company selling more than one line of insurance
Commercial Insurers: are in the business of selling insurance for a profit. Commerci
Group Life Insurance
PRINCIPLES OF GROUP INSURANCE
Different from individual life insurance, which is written on a single life, group life insurance is written
on more than one life. Group life insurance is usually written for employee-employer groups an
Life Insurance Provisions, Options, and Riders
Insuring Clause (or Insuring Agreement): The insurers basic promise to pay specified benefits
to a designated person in the event of a covered loss.
Consideration Clause: A policyowner mu
Uses of Life Insurance
DETERMINING THE PROPER INSURANCE AMOUNTS
1. Human Life Value Approach: Calculates the amount of money a person is expected to earn
over his lifetime to determine the face amount of life insurance needed, thereby placing a
Chapters 8 and 10
Earths Resources (Chapter 8)
Topics include hot spots, plate tectonics,
is constantly formed and destroyed
Rock is composed of minerals
Minerals are formed u
THE AGE OF THE CITY
In the years after the Civil War, Americas cities boomed as people left the rural areas of Europe and
the United States to seek jobs and other attractions offered by American cities. The rapid growth of
Go Green Power Go!
People of this world need to change our life style before we do not have a life to change!
The title sounds like a high school cheerleader rah rah cheer at a football raley; but it is true.