3 June 2014 0 Comments

The Meaning of Renewable and Convertible

Term insurance may be referred to as “Renewable” and “Convertible.”  What do these terms mean? Renewable Level Term Insurance has a Level Death Benefit and a Level Premium, but the premium is only level for a specified period of time.  Thus, a 20 year term policy’s premium will be level for 20 years.  At the […]

14 May 2013 0 Comments

IRR – The Finite Comparison Test

IRR is short for Internal Rate of Return.  It can be used as a measure of either the death benefit or cash value of a life insurance policy.  Since the principal purpose of a life insurance policy is to produce a death benefit, that is what I will cover here.  IRR is stated as a […]