Examples of Product Class Line Form and Item

Examples of Product Class, Line, Form, and Item Class Line Form Item Participating life policy Whole life Nonparticipating life policy Monthly debit ordinary policy Individual life Increasing term policy Term life Life Insurance Decreasing term policy Level term policy Yearly renewable term policy Whole life Group life Ordinary life policy Annual renewable term policy Term life Credit life policy Mortgage life policy

人壽保險(ordinary life Insurance) 保險法第一百零一條：--product form 人壽保險人於被保險人在契約規定年限內死亡，或屆契約規 定年限而仍生存時，依照契約負給付保險金額之責。 Term insurance Life insurance under which the benefit is payable only if the insured dies during a specified period of time. No benefit is payable if the insured survives to the end of term. Whole life insurance Life insurance under which coverage remains in force during the insured entire lifetime, provided premiums are paid as specified in the policy.

Pure endowment(生存險) A contract that pays a benefit only to those persons who survive a certain period of time; those who don’t survive that period of time receive nothing. Endowment(生死合險)(養老險) An insurance contract that provides a benefit amount equivalent to the face amount of the policy regardless of whether the insured lives to the end of the policy’s term or die during the policy’s term.

product Item level term life insurance decreasing term life insurance Term life insurance (Product form) increasing term life insurance renewable term insurance convertible term insurance 　　　　　

Whole life insurance product Item Whole life insurance is permanent saving element of whole life insurance premium payment periods ．Continuous-premium policy ．Limited-payment policy modified whole life policy ．Modified premium ．Modified amount　　　　　

Health insurance Insurance that pays specified benefit if the person who is insured becomes sick or is injured. Health insurance includes both medical expense coverages and disability income coverages. 保險法第一百二十五條： 健康保險人於被保險人疾病、 分娩及其所致殘廢或死亡時，負給付保險金額之責。

高額醫療費用保險 (Major medical expense insurance) § Maximum Benefit § Deductible § Coinsurance factor § Incurred expense Insurer payment = [(incurred expense-deductible)x(1 coinsurance factor)]<maximum benefit

Annuity Any series of payments made or received at regular intervals or a contract that provides for a series of periodic payments. 保險法第 135條之1： 年金保險人於被保險人生存期間或特定期間內，依照契約負 一次或分期給付一定金額之責。 依給付開始期間分：immediate annuity、deferred annuity 依繳費方法分：single premium annuity、annual premium annuity 依被保險之人數分：single life annuity、joint and survivor annuity

依給付額是否變動分：fixed dollar annuity、 variable annuity 依保險金給付方式分：straight life annuity ．With period certain ．With cash refund ．With installment refund annuity certain temporary life annuity

annuity certain: A type of annuity contract that pays periodic income benefits for a stated period of time, regardless of whether the annuitant lives or dies. Also known as period certain annuity. temporary life annuity: A type of life annuity contract that provides periodic income payments until the end of a specified number of years or until the death of the annuitant, whichever occurs first. straight life annuity: A type of life annuity contract that provides periodic income payments for as long as the annuitant lives but provides no benefit payments after the annuitant’s death.

deferred annuity: An annuity in which the benefit payments are scheduled to begin at some stated point in the future. Contrast with immediate annuity: An annuity under which periodic income benefit payments are scheduled to begin one annuity period after the contract’s issue date. Contrast with deferred annuity.

joint and last survivor annuity: An annuity under which the insurer agrees to make a series of benefit payments to two or more individuals until both or all of the individuals die. Also known as joint and last survivorship annuity. joint life annuity: A type of annuity contract that covers more than one life and pays benefits until one of the covered people dies.

團體保險 A method of providing life or health insurance coverage for a group of people under one insurance contract, called a master contract. 團體保險的益處 團體保險的核保 團體一年定期壽險 團體一年定期人壽保險單示範條款　第 2條…. 團體定義　　　　 第 6條 …平均費率 第 12條…. 更約權

DDB dread disease benefit A type of health insurance coverage that provides benefits for the diagnosis and treatment of a specifically named disease or diseases, such as cancer. Also known as dread disease coverage. Contrast with critical illness (CI) insurance. Living benefit 及waiver of premium 目前七大重大疾病： 心肌梗塞、冠狀動脈繞道手術、腦中風、慢性腎衰竭 （尿毒症）、癌症、癱瘓、重大器官移植手術

DI disability income Health insurance under which benefits are payable in regular installments designed to replace some of the insured’s income when he or she is totally disabled as defined in the policy. ．Waiver of premium ．Waiting period ．Benefit amount ．Maximum payment period

LTC long-term care insurance Insurance that provides medical and other services to insureds who need such care in their own homes or in an institution providing LTC care. ．waiting period 「需要長期看護狀態」超過90天 ．每月分等級給付及waiver of premium 第一級：保額2% 第二級：保額1. 5% 第三級：保額1%

Interest sensitive product A general category of insurance products in which the face amount and/or the cash value vary according to the insurer’s investment earnings． 萬能保險(universal life insurance) 利率變動型年金 Unit(Equity) link product • 變額保險(variable insurance) • 變額年金(variable annuity) • 變額萬能保險(variable universal insurance)