#5【生命保険専門課程】★テキスト・練習問題解説★ 「死亡保険金を支払わない場合」

Summary

The video script is a comprehensive discussion on life insurance policies, focusing on various scenarios where insurance payouts may not be made, such as suicide within a specified period, cases of murder, and deaths due to war or terrorism. It also covers the different methods of premium payment, including bank transfers, group payments, and cash contributions, and the consequences of failing to pay premiums. The speaker provides a detailed explanation of the grace period for premium payments and the potential for policy reinstatement after a lapse. Additionally, the script touches on the concept of 'all paid up' policies, where premiums are paid in advance, and the use of accumulated funds to continue policy coverage. The video concludes with a review of practice questions related to life insurance scenarios, aiming to clarify the intricacies of insurance coverage and payout conditions.

Takeaways

• 📜 The video discusses various scenarios where life insurance payouts may not be made, such as suicide outside the stipulated period, cases of murder for benefit, and deaths due to war or civil unrest.
• 💰 The script explains different methods of insurance premium payment, including bank transfers, group payments, and cash payments, emphasizing the importance of timely payments to maintain policy validity.
• 🕒 It outlines the grace period for premium payments, which varies depending on the type of payment plan (monthly or annual), and the consequences of missing payments, such as policy termination.
• 🔄 The concept of 'prepayment' is introduced, where a portion of the premium is paid in advance, and the rest is settled as the payment due date approaches.
• ⚖️ The video clarifies that in cases where the policyholder or beneficiary intentionally causes the death of the insured, the insurance payout is not made.
• 🚫 It mentions specific exclusions for insurance payouts, such as deaths due to war, acts of terrorism, and instances involving the insured being under the influence of alcohol or drugs.
• 🔄 The script discusses the possibility of reactivating a lapsed insurance policy within a certain period, usually three years, by going through specific procedures and paying the due premiums.
• 📉 The option to reduce the insurance amount, known as 'decrease,' is explained, where the policyholder can lower the insurance coverage and receive a corresponding decrease in premiums.
• 📈 Conversely, the video also touches on the option to increase the insurance coverage, known as 'increase,' which would result in higher premiums.
• 📚 The importance of understanding the terms and conditions of the insurance policy, including the definition of 'exclusions' or cases where the insurance company is not obligated to pay out, is emphasized.
• ⏰ The video concludes with a reminder to review and understand all the details of the insurance contract to avoid confusion and ensure the policy meets the individual's needs.

Q & A

What are the conditions under which a life insurance company may not pay out the death benefit?

A life insurance company may not pay out the death benefit in cases such as suicide outside the specified period after the contract (typically within 3 years), if the beneficiary intentionally caused the death of the insured, or if the death was due to war or terrorism.

What is the 'prepaid' method for paying insurance premiums?

The 'prepaid' method involves making a partial or full payment of the insurance premium before the due date, which can then be applied towards the premium when it is due.

What happens if insurance premiums are not paid within the grace period?

If premiums are not paid within the grace period, the insurance policy will lapse, and the coverage will be terminated. The policyholder will lose the benefits of the policy, including any death benefits.

How can a lapsed insurance policy be reinstated?

A lapsed policy can usually be reinstated within a specified period, typically 3 years, by going through the required procedures, which may include providing updated health information and paying any overdue premiums.

What is the 'automatic loan payment' method for dealing with overdue insurance premiums?

The 'automatic loan payment' method allows the insurance company to automatically use the accumulated surrender value or cash value of the policy to pay the overdue premiums, keeping the policy in force.

What is the difference between 'reduced payment' and 'extended payment' insurance policies?

A 'reduced payment' policy involves lowering the insurance amount to reduce the premium payments, while an 'extended payment' policy allows for the continuation of the policy with the same insurance amount but with a change in the payment period, such as extending the term of the policy.

What are the consequences of canceling an insurance policy?

Canceling an insurance policy can result in the loss of any accumulated cash value, the right to receive dividends, and the possibility of not being able to rejoin the policy at a later date, especially if the policyholder's health has deteriorated.

How does the 'compound interest' method differ from the 'simple interest' method in terms of accumulating dividends?

Compound interest calculates interest on the initial amount as well as on the accumulated interest from previous periods, leading to a larger amount over time compared to simple interest, which only calculates interest on the initial amount.

What is the 'insurance premium payment method' that involves paying dividends in cash?

The 'cash payment method' is an option where the policyholder receives dividends in cash, which can then be used for other financial needs or reinvested.

What is the significance of the 'grace period' for insurance premium payments?

The grace period is a specified time after the premium due date during which the policyholder can still make the payment without the policy lapsing. It provides a buffer period for the policyholder to manage their finances.

How does the 'automatic transfer loan' system work in the context of life insurance policies?

The 'automatic transfer loan' system allows the policyholder to borrow against the cash value of their life insurance policy to cover premium payments. The borrowed amount and any interest are then repaid from future premiums or policy benefits.

What are the circumstances under which a life insurance company may not pay out the death benefit due to the insured's actions?

A life insurance company may not pay out the death benefit if the insured's death was caused by the insured's own intentional actions, such as suicide within a certain period after the policy's inception, or if the insured was killed by the beneficiary for the purpose of receiving the benefit.