Individual Life Insurance

Individual Life Insurance (individual life insurance) - is a life insurance product is marketed individually (one per person) by the insurance company. Because it is so then the selection process (underwriting) to the prospective insured is also done by individuals, so it is possible to be more expensive premium rates.

Magnitude of individual insurance premiums also vary widely, this is due to the difference in conditions and characteristics of each - each individual prospective insured. So although some policies issued to individuals who are relatively the same age, sum insured (UP) exactly the same amount, term insurance is the same, but the amount of premiums may vary.

Amount of individual life insurance premiums - each individual differently because of possible health conditions or a different hobby. For example, for an insured who suffer from a particular disease that affects the life expectancy (life expectancy), it will be charged a higher premium than the premium charged to the insured is healthy. Similarly, people who have a hobby of skydiving will be charged a premium rate of insurance is higher than with someone who has a hobby of playing music.