Product Description

As you will see, life insurance is based on the fundamental mathematical principle of probability.  People die according to a predictable pattern.  This pattern, called a mortality table, is based on accumulated historical data.  Insurance companies don’t know who in a group will die when; just how many.  This predictable pattern, and the amount of coverage, is then mathematically converted into a lump sum amount.  The company needs this lump sum amount in order to make the contractual payment at death.

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