Reply To: Reserve Pattern

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May 11, 2018 at 6:58 am #23843
shikhaagarwal
Participant

    Abhinandan7 wrote:

    Term assurance can be both level or decreasing. In level, single lump sum is paid should the death happen within the term. For decreasing what I said earlier.

    Variations are always possible in any financial structure. You can check the products of any company (LICI etc.) and your thought might differ.

    You’ll get to know more about all these in your actuarial journey latter.

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    What i understood from increasing decreasing term assurance in CT5 is that the benefit amount increases or decrease. Not the no. Of payment. If that happens than it will be similar to annuity. Right?

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