| 摘要 |
A Customized Life Insurance policy is a life insurance policy which provides a u nique schedule of death benefits and a unique schedule of cash surrender nonforfeiture benefits (sometimes referred to as "cash values"). The schedules are selected and agreed upon by the insurance company (hereinafter referred to as the "Insurer") providing the C ustomized Life Insurance policy and by the Policyholder ("Policyholder" as used herein inc ludes an owner of a life insurance policy and a person in the process of purchasing or co nsidering the purchase of a life insurance policy) and are unique to that policy. The sche dules are unique in that they are, except by coincidence, different from those for any oth er policy provided by the Insurer. The schedules may, by design or coincidence, be the sam e as those for a policy provided by another insurance company. The schedule of death benefits defines for each point in time in the future the death benefit expected to be paid should the life insured die at that point in time. The sched ule of cash surrender nonforfeiture benefits defines for each point in time in the future th e cash amount expected to be payable should the insurance coverage be terminated at tha t time. To date, schedules of death benefits and cash surrender nonforfeiture benefits i n life insurance policies have been determined by classes of lives insured and/or by fo rmulae defined by insurance companies. Customized schedules for which Policyholders par ticipate in the determination have not been offered.
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