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	<title>New answer on: What Are Life Insurance Premiums Determined By?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/what-are-life-insurance-premiums-determined-by</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 27 Mar 2014 16:02:04 +0000</pubDate>

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		<description><![CDATA[The premium for a life policy are set by two people.&#160; The actuary compiles mortality data.&#160; From that he develops the premium necessary for the various plans based on a “standard” risk.&#160; The second person is the underwriter.&#160; The underwriter looks at the application, medical statements and any tests taken to determine if the applicant is “standard.”&#160; If the applicant isn’t standard the underwriter assigns factors that result in an adjusted premium.&#160; The company makes an offer to the applicant after the underwriting stating the price necessary to put the insurance into force. ]]></description>

		

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		<title>By: Jason Goldenzweig</title>

		<link>https://insurancelibrary.com/life-insurance/what-are-life-insurance-premiums-determined-by</link>

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Thu, 27 Mar 2014 02:23:41 +0000</pubDate>

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		<description><![CDATA[Premiums for life insurance are determined by a number of factors - some influential factors are mortality tables, the type of product (e.g. term vs. permanent, fully underwritten or non-medical, etc.), the guarantees on the policy, and the carriers&#039; underwriting guidelines (some carriers may be more aggressive, some more conservative), just to name a few.]]></description>

		

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