What are the different types of Term insurance products that are currently sold in the USA? One famous type is ART/YRT Term product, what are the other types of Term Products?
The reason I’m asking this is because I am trying to model TERM Net Premium Reserve (NPR) method under PBR. And I want to know, what are the different types of Term Products available, that I could model.
Also, are there any term products that are issued for finite years with fixed annual premiums? For eg: A product that charges $100 each year, for 10 years against a Sum Assured of $100,000.