人寿保险基础第 376 / 716 题
Under the level premium approach used in whole life, the premiums charged in the early policy years are:
a.Exactly equal to each year's actual mortality claim cost
b.Higher than the current cost of insurance, with the excess building reserves and cash value
c.Set below the actual cost of insurance, leaving the policy underfunded in each one of the early policy years
d.Waived entirely until the insured reaches age sixty-five
解析
A level premium stays the same for life even though the true cost of insurance rises with age; in the early years the level premium exceeds the current cost, and the overcharge is set aside and accumulates as reserves and cash value that help fund the higher costs later. The premium is not set below cost, nor is it matched to each year's actual claim cost (that would be a steeply increasing premium). It is not waived until age sixty-five. This structure is what makes cash value possible.
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)