Factors Affecting Life Insurance Premiums, Endowment Value, Reduced Paid Up Option, and Guaranteed Insurability Rider

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Premium for Guaranteed Insurability Rider

Based on the attained age of the insured

Determining the face value

Based on the net amount of cash value at the time of exercising the option

Premium computation exclusion

Cost of living has no effect on premiums

Reduced paid up nonforfeiture option

Determines the face value of the new policy

Factors affecting life insurance premiums

Includes mortality rate, investment experience, and operating expenses

Rights of the policyowner

Includes receiving the endowment proceeds

Premium computation factors

Mortality rate, investment experience, and operating expenses

Grace period for premium payment

Past due premium is not a consideration

Endowment value recipient

The policyowner


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