Page 17 - Life Assurance

some multiple of the face amount of
permanent insurance policy for a set period,
from five to 20 years, after which the protection
is reduced to the face amount of the permanent
policy.

Thus, instead of using the term principle to
reduce the cost of a set amount of coverage, the
multiple protection contract grant added
coverage in a way very similar to the family
maintenance policy.

5/2/6 Juvenile Insurance Life Insurance:

Issued on children is called juvenile
insurance. For very young children, say between
the age of one and four, it is common to provide
graded death benefits, so as to limit the life
insurance coverage to modest amounts, often
less than L.E 5000. As the child gets older, the
coverage increase automatically until it reaches
some limit, say L.E 1,000 or a multiple therefore.
Normally, coverage is issued on some permanent
insurance form.

5/2/7 Jumping Juvenile Insurance:

A package contract some times called
jumping juvenile is issued in units of say L.E
1,000 at some early age. The amount
automatically increases to perhaps L.E 5,000 at
age 21, without increasing the premium, and
without evidence of insurability. Often this

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