Reply To: Reserve Pattern

Actuary Forums Forums Actuarial Subjects CM1 (CT1 & CT5) Reserve Pattern Reply To: Reserve Pattern

#23848
abhinandan7
Participant

    Abhinandan7 wrote:

    हाँ भाई #Single lump sum ही decrease होके मिलेगा, *या फिर* dependant को  regular income until term ends.

    It is that decreased single lump sum which allows the possibility of regular income latter.

    this is what I meant by Decreasing term assurance.

    “If the contract is a decreasing term assurance contract then it may provide a lump sum

    on death, a lower amount being paid the later the death occurs in the contract term, or

    the contract may provide an income for the rest of the contract term”