Category Archives: O – Asuransi Jiwa

opportunity cost

For planning purposes, the benefit that is forfeitfd or given up in choosing one decision alternative over another

Option 1 plan

See Option A plan

Option 2 plan

See Option B plan

Option A plan

A universal life insurance policy that provides a level death benefit amount which is always equal to the policy’s face amount. Also known as an Option 1 plan

Option B plan

A universal life insurance policy that provides a death benefit that, at any given time, is equal to the policy’s face amount plus the amount of the policy’s cash value. Also known as an Option 2 plan

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