- 不过还烦讲讲UVL，WHOLE LIFE的区别
Universal life (UL), variable life (VL) and variable universal life (VUL) are new generation of cash value products. Besides the face death benefit, there’s also cash value.
UL has flexible premiums, face amount and benefit
amount, plus unbundled pricing factors (mortality, interest, expense charge, etc.) Cash value over a certain limit is subject to tax in order to prevent investment, according to “section 7702 corridor”.
VL has fixed premiums, variable face amount and other values, reflecting the performance of the investment sub-accounts selected by owner. Pricing factors are bundled.
VUL combines UL and VL. It has unbundled pricing, flexible premium and face amount, and variable interest rate.
我想派老板是否没有将保险公司的运营开销(AGENT的报酬之类)考虑进去。
The examples in the first post are to calculate the NET premiums. Expenses are not considered.
推销保险的经纪人也说，保费都是通过一个TABLE计算出来的，(是否可理解为每家公司对於同一个产品的QUOTE都会一样？)
The table is called actuarial life table. Life table changes with time. (e.g., life expenctancy now is different than 10 years ago, with the advancement of medicine). Each company can have their own table. The table that's closer to the real world will lower the risks of the company. In my example, 40-42 yrs-old death probabilty is a very simplified table.
保险公司给的QUOTE不同，是否因为保险公司的成本不同？
You can say that. Bigger companies have average lower cost per policy. Bigger companies have more policies, hence less variance, therefore less risks for the company.
再，买保险，一定要买可靠公司的保险，如果支付时付不出钱来，最惨了。
You don’t have to worry about that too much. Insurance companies are tightly regulated by government. A certain amount of money, called reserve (reserve = future benefits – future premium) is set aside by regulations and laws (statutory reserve). The statutory reserve is calculated based on the stringent scenario, i.e., higher mortality rate, lower interest, etc. So you can say it reserves for the worst case. You rarely hear that an insurance company goes bankruptcy. Yet merging and acquiring is very common behind the scene.
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