Individual life insurance is life insurance products are sold individually (per person) by the insurance company. Because it is so then the selection process (underwriting) to the prospective insured is also done per person, so it is possible to be more expensive premium rate.
The amount of individual insurance premiums are also very varied, this is due to the difference in conditions and characteristics of each individual prospective insured. So although some policies issued to individuals whose age was about the same. Exactly equal the sum insured, the insurance period is the same, but the Amount premiums can be different.
Amount life insurance premiums each individual is different because of possible health condition or a different hobby. For example, for an insured who suffered from a particular disease that affects life expectancy, it will be charged a higher premium than the premium charged to the insured healthy. Similarly, people who have a hobby of skydiving will be charged a kind of insurance premium rates higher than with someone who has a hobby of playing music.
image : m.okezone.com
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