Sources#

Source ids [S#] and [R#] are carried verbatim from _research/term-life.md, the citation ground truth for this product, and are frozen — never renumber. Numbering is per product: S1 in this file is a different document from S1 in every other product’s sources.md, and the cross-product references/regulatory-and-actuarial-references.md runs its own frozen R1–R62 scheme, cited here as [REG-R#]. The two R schemes must never be read across. The clearest instance is right here: this file’s R9 is 보험업감독규정 [별표 14], while the library’s REG-R9 is the 보험업감독규정 본문. Access date for every entry: 2026-09-03.

Three tag families do three different jobs in product-spec.md, technical-notes.md and model.md:

  • [S#] — a primary product document: a 약관 (yakgwan, policy conditions), a 상품요약서 (statutory product summary), a 예상 갱신보험료 예시, a carrier product page, or the 생명보험협회’s statutory cross-carrier disclosure. These are what makes a contractual mechanic sourced rather than assumed, and — unusually for this repository — what makes the anchor premium a published figure rather than a standardization.

  • [R#] — a regulatory, statutory or statistical reference that only this product needs.

  • [REG-R#] — the cross-product reference library, reprinted in short form at the end so that a reader of this page alone can resolve every tag on it.

Unused sources are omitted, so both schemes have gaps. S24 (오렌지라이프 「무) 스마트 정기보험」, HTTP 503 on both pages) is not cited and is not listed. R5, R7, R10, R11, R13, R14, R15, R17 and R21 are not cited either, because the cross-product library carries the same documents with fuller annotation and a better retrieval — 상법 제651조 and 제662조 as REG-R49, the 보험업감독규정 본문 as REG-R9, the 시행세칙 as REG-R23, the 2024 계리가정 가이드라인 release as REG-R27, the 제10회 경험생명표 report as REG-R33, the 국가데이터처 생명표 as REG-R38, and the 예금자보호한도 change as REG-R32 beside the statutory REG-R52. Nothing was newly retrieved at drafting; no tag was added.

Where a [R#] and a [REG-R#] are cited together, that is deliberate corroboration and not redundancy. Nine of the twelve entries below were retrieved by a different route from their cross-product counterparts — article text from casenote.kr, which serves plain fetchers, against the full-Act and full-고시 retrievals behind the [REG-R#] entries — so a statutory claim carrying both tags was read twice from two independent renderings. R9 and REG-R20 are the one true duplicate: the same one-page 별표 14 PDF, downloaded in both research passes.

Company and branded product names appear in this file and in _research/term-life.md and nowhere else in the library. In product-spec.md, technical-notes.md and model.md a carrier is its tag alone, so a reader can always resolve who said what — here — and never has to.

Primary product sources#

Nine carriers and the 생명보험협회 — twenty-four documents in twenty-three entries. Three are the 생명보험협회’s own statutory disclosures and the basis table under them: the 정기보험 comparison [S4], its 대표계약 basis [S5], and the 종신보험 comparison read as negative evidence [S22]. One is a full 190-page 약관 [S2]; twelve are 상품요약서 [S1] [S6] [S8] [S9] [S10] [S11] [S12] [S15] [S17] [S18] [S19] [S20], with [S21] carrying two more; two are the mandatory 예상 갱신보험료 예시 [S7] [S16]; three are carrier consumer or quotation pages [S3] [S13] [S14]; and one could not be fetched at all [S23].

Nine documents carry a published premium scale, which is the single largest documentary difference from every other library in this repository: [S1] [S4] [S6] [S7] [S8] [S11] [S12] [S14] [S16]. Korea publishes term premiums because it is required to — every 상품요약서 prints a grid, and the 생명보험협회 publishes a like-for-like comparison of 45 products on one prescribed basis. That is why the anchor cell’s ₩15,080 a month is a sourced number appearing twice independently and not a std one.

S1 — 「한화생명 e정기보험 무배당 상품요약서」, 한화생명보험(주) (statutory product summary)#

  • Document: 상품요약서, file 한화생명 e정기보험 무배당_상품요약서_20260417.pdf, 14 PDF pages

  • URL: https://static.hanwhalife.com/dynamic/direct/product/cms_I1gR8ivwtn8cVwbq_1776383286029.pdf (linked from [S3])

  • Accessed: 2026-09-03, Retrieved: yes (473 KB PDF fetched with a browser User-Agent and a referer header; all fourteen pages extracted cleanly as Korean text)

  • The densest quantitative document in the set after [S12], and the second of the two carriers whose 적용해지율 endpoints the lapse basis rests on. It establishes: the 순수보장형 / 만기환급형 split and the 해약환급금 미지급형 wording (납입기간 중 0%, 납입 기간 후 50% of the 표준형) that the model’s claims_lapse column of zeros and the uncomputed shortened-pay step-up both rest on; a 표준체 vs 건강체 premium grid at ages 30/40/50 for both sexes; 최고가입나이 matrices by 보험기간 × 납입기간 × sex; 가입한도 1,000만원~5억원; the 50% 장해 premium waiver; 적용이율 연복리 2.50%, which is prem_int_rate; 예정 경험사망률 at 20/40/60; the 적용해지율 연 0.1%~8.4% in payment and 연 0.8% after 납입완료, which are the in_payment_start upper observation and the post_payment row of lapse_table.csv; four 해약환급금 예시 tables printing 환급률 0.0% at all eleven durations for both sexes; the rule that the 만기환급형’s maturity benefit is computed as if waived premiums had been paid; and the 보험가격지수 with its stated basis.

S2 — 「한화생명 e정기보험 무배당 보험약관」, 한화생명보험(주) (full policy conditions)#

  • Document: 보험약관 — 약관 가이드북, 주계약 약관 for both product forms, 특별약관, 분류표 and 부록; file 한화생명 e정기보험 무배당_약관_20260417.pdf, 190 PDF pages

  • URL: https://static.hanwhalife.com/dynamic/direct/product/cms_odIN6hkhR1w3xURZ_1776383301736.pdf

  • Accessed: 2026-09-03, Retrieved: yes (3.82 MB PDF; all 190 pages extracted as clean Korean text, the only glyph loss being in two cover graphics)

  • The only full 약관 retrieved in this session, and the source of every verbatim clause quoted in the product documents. Articles the documents pin to it: 제4조 (지급사유, and the 선지급 cap and its 평균공시이율 discount), 제5조 (the 50% 장해 waiver and its cause-neutral trigger 「동일한 재해 또는 재해이외의 동일한 원인」), 제6조 (the two-year suicide bar), 제8–9조 (the 3/10/30 영업일 claim timetable), 제14–15조 (contestability), 제18조 (청약 철회), 제20조 (무효), 제22조 (보험나이) — the age basis the whole model is indexed on — 제23조 (소멸), 제26조 (자동대출납입), 제28조 (부활), which is where the sourced reinstate_window = 3 and the words 「해약환급금이 없는 경우를 포함합니다」 come from, 제33조 (해약환급금, including the 미지급형 sub-article), 제34조 (보험계약대출), 제38조 (소멸시효), 【별표3】 재해분류표, and the 선지급서비스특약 wording.

S3 — 한화생명 다이렉트 「한화생명 e정기보험 무배당」 상품상세 페이지 (consumer product page)#

  • URL: https://direct.hanwhalife.com/products/CM090101

  • Accessed: 2026-09-03, Retrieved: yes (190 KB HTML fetched raw and stripped; the graphics are SVG and carry no numbers the documents depend on)

  • Establishes the consumer-facing framing of the same contract: 사망보험금 1천만~5억원, the 순수보장형 / 만기환급형 choice, the statement that the 해약환급금 미지급형 is 14% cheaper than the 표준형 on a stated basis, the 건강고객 0~20% discount and its three criteria, 가입가능연령 만19세~65세, the two-year suicide bar, the 예금자보호 ₩100,000,000 notice, and the note that the premium changed with the April 2026 산출이율 revision.

S4 — 생명보험협회 공시실, 상품비교공시 — 보장성보험 / 정기보험 (statutory cross-carrier disclosure)#

  • Publisher: 사단법인 생명보험협회, 공시실

  • URL: https://pub.insure.or.kr/compareDis/prodCompare/assurance/listNew.do (POST with search_prodGroup=024400010002; eight pages at pageUnit=30)

  • Accessed: 2026-09-03, Retrieved: yes (all eight result pages fetched raw and the result table parsed; 45 distinct 정기보험 products across 15 carriers recovered with their 가입금액, 남/여 보험료, 확정이율, 보험가격지수, 상품특징, 해약환급금 유형, 갱신여부, 판매채널 and 판매일자)

  • The sharpest quantitative source in the Korean market, and it is public. Because every product is disclosed on one prescribed 대표계약 basis [S5], the table is a genuine like-for-like comparison — something no other country library here has. The documents rest the following on it: the anchor premium’s second independent appearance (₩15,080 male, ₩8,010 female, agreeing to the won with [S12]); the observed spread at the same cell (₩14,400 / ₩15,000 / ₩16,000 / ₩16,000 / ₩16,100 / ₩18,400); the female-to-male premium ratios of 52–56% across the six direct writers and 47% to 90% across the face-to-face and simplified-issue rows, which is the only handle on the per-policy fee no Korean rate card lets you decompose; and the 보험가격지수 dispersion of 51.6% to 239.1%, which is the only public handle on an expense assumption. It also links each product’s 상품요약서 PDF, which is how [S6] and [S8]–[S12] and [S15]–[S18] were obtained.

S5 — 생명보험협회 공시실, 「상품비교공시 세부작성기준 (대표계약 기준) - 보장성」 (the disclosure’s own basis table)#

  • URL: https://pub.insure.or.kr/compareDis/prodCompare/assurance/informationPopup.do

  • Accessed: 2026-09-03, Retrieved: yes (12 KB HTML read in full)

  • Establishes the 대표계약 basis without which [S4] would be uninterpretable: for 정기보험 기본형 it is 남자/여자, 나이 40세, 보험기간 20년, 납입기간 전기납, 납입주기 월납, 가입금액 1억원, applied identically to 만기환급형, 순수보장형 and 무해지/저해지환급. This is the model’s anchor model point, and it is the same cell as the 감독규정’s 기준연령 요건 REG-R9 — which is what makes model point 1 doubly prescribed.

S6 — 「무배당 흥국생명 온라인정기보험 상품요약서」, 흥국생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 준법감시인 심의필 제26-CA1-0030호 (2026.02.08.), 8 numbered pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=15767&seq=14 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (96 KB PDF, extracted cleanly)

  • The only retrieved document that sets out a 갱신형 term product’s renewal rules alongside the 비갱신형 alternative in the same product, and therefore the single source behind most of the renewal machinery in Term_KR_S. It establishes: the ten-year 갱신 cycle and the 보험나이 80 ceiling, which is renew_ceiling(); the truncation rule 「갱신일부터 최종 갱신계약의 보험기간 종료일까지가 10년미만일 경우에는 …」, which is term_len(k); the clause that a premium waiver already running does not carry into the renewed contract, which is check_waiver_reset(); the 기본형 / 보장추가형 split paying 2× on 재해사망, which is the acc_death module; the rule that a female life may buy only 보장추가형; 적용이율 연복리 2.75%; 예정 경험사망률 and 예정 재해사망률 at 20/40/60, the second of which is the whole acc_mort_rate column of mort_table.csv; four 해약환급금 예시 tables; and two 보험가격지수 tables.

S7 — 「(무)흥국생명 온라인정기보험 예상 갱신보험료 예시」, 흥국생명보험(주) (mandatory renewal-premium projection)#

  • Document: 예상 갱신보험료 예시, 1 PDF page

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=15773&seq=10 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (31 KB PDF, extracted cleanly)

  • The single most useful quantitative document for the 갱신형 mechanic. It is the whole published premium ladder the model reproduces to the won on model point 3 — ₩9,000 → ₩21,000 → ₩56,000 → ₩201,000 a month at attained 보험나이 40 / 50 / 60 / 70 for a male life, against ₩6,000 → ₩10,000 → ₩24,000 → ₩103,000 for a female one — together with the caveat that the projection holds the rate scale at its issue-date level and reflects 연령증가 alone, which is why the fourth key model risk is a discretionary risk rather than a modelling one. It also establishes, negatively, that the disclosure requires the price path and never the persistency path, which is why renewal_decline_base is std.

S8 — 「삼성 인터넷정기보험(2601)(무배당) 상품요약서」, 삼성생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 9 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=42677&seq=4 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (230 KB PDF, extracted cleanly; running text on two pages loses inter-word spaces but is fully legible)

  • Establishes the 1종 (순수보장형) / 2종 (만기환급형) × 1형 (일반형) / 2형 (걷기할인형) matrix and its 8,000-steps-on-20-days qualifying test; the 슈퍼우량체 criteria; a 표준체 vs 슈퍼우량체 premium grid at ages 20/30/40/50 for both sexes; 가입나이 20~64세; 가입한도 5,000만원~3억원; the 적용이율 split — 순수보장형 2.5%, 만기환급형 2.25% — which is the fact model point 6’s negative undiscounted total turns on; 표준체 사망률 at 20/40/60, contributing to the observed 1.77x dispersion at male 40; and two 해약환급금 예시 tables.

S9 — 「삼성 내리사랑정기보험(2501)(무배당) 상품요약서」, 삼성생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 16 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=40924&seq=4 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (273 KB PDF, extracted; the same word-spacing loss)

  • A face-to-face-channel product in a set otherwise dominated by direct writers, and the clearest statement of a 15-year 갱신형특약 cycle riding on a 비갱신 정기보험 주계약. It carries the two facts that make the contract-boundary question real and unsettled: the renewal is effected by the policyholder not objecting 15 days before expiry — the negative option that bounds renewal_decline_base from below — and the insurer may reprice the whole 기초율 including 위험률 on a new product code, which is the argument for the short boundary reading. Also: the 고액할인 for 가입금액 ≥ 1억원, the 우량체 criteria, the 재가입형 특약 variant, 가입나이 20~65세, and 적용이율 2.5% / 2.0%.

S10 — 「신한SOL정기보험(무배당) 상품요약서」, 신한라이프생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 13 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=41655&seq=5 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (108 KB PDF, extracted cleanly)

  • The 기본형 / 재해보장형 product split — 2× the sum assured on 재해사망 and 1× otherwise — is the cleanest evidence in the set that Korean accidental-death cover is sold as a product variant as often as a rider, and it is what model point 10 implements. Its second disclosed 예정 재해사망률 table is what makes the cross-carrier pairing in mort_table.csv defensible: the two carriers agree to three significant figures at age 20. Its 해약환급금 예시 is the only one given at every policy year from 1 to 10, and is the source of the 표준형 comparator reaching 46% of premiums paid by duration six — the number that makes the claims_lapse zeros an asserted fact rather than a product-class inference. Uniquely in this set it also prints the 보험개발원 reference-rate document numbers behind its 예정 경험사망률 and 예정 재해사망률, which is R19.

S11 — 「KB 착한정기보험Ⅱ 무배당 상품요약서」, KB라이프생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 11 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=34504&seq=9 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (379 KB PDF, extracted cleanly)

  • One of the two carriers publishing a full 예정 경험사망률 table per rate class, which is what lets rate_class_table.csv be sourced rather than standardized. Four tiers (표준체 / 비흡연체 / 건강체 / 슈퍼건강체) with criteria including a 총콜레스테롤 190mg/dL 미만 test seen at no other carrier; a premium grid at 30/40/50 for both sexes across all four classes; 가입한도 that rises with the rate class; 적용이율 연복리 2.50%; and a 해약환급금 예시.

S12 — 「무배당 교보라플 정기보험 상품요약서」, 교보라이프플래닛생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 28 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=13489&seq=31 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (335 KB PDF, extracted cleanly)

  • The anchor carrier, and the only document retrieved that prints the 무해지 form and its 표준형 comparator side by side, premium and surrender value, in one table. Nearly every quantitative input to Term_KR_S traces here: the twenty published cells of prem_rate_table.csv, including the anchor (pure, M, 40, 20) = ₩15,080 and its female twin ₩8,010; the four disclosed 예정 경험사망률 tables, one per rate class, whose 표준체 values at 20/40/60 are the three Makeham anchors of mort_table.csv and whose ratios are rate_class_table.csv; the 적용해지율 연 0.1%~4.6% that is lapse_table.csv’s in_payment_start and in_payment_end; 적용이율 (미지급형 2.50%, 만기환급형 2.25%), which is prem_int_rate; the 2026 평균공시이율 2.50%, which is accel_disc_rate; the ₩10 quotation granularity that round_10 reproduces; the fullest rate-class definitions and 보험기간 × 납입기간 × 가입나이 matrix in the set; 가입한도 1억원~10억원; and the five-way 보험료납입면제보장특약 menu.

S13 — 교보라이프플래닛, 「(무)교보라플 정기보험」 상품 페이지 (consumer product page)#

  • URL: https://www.lifeplanet.co.kr/lpds2/insurance/term-life-insurance.dev

  • Accessed: 2026-09-03, Retrieved: yes (806 KB HTML fetched raw and stripped)

  • The consumer framing of [S12]: 사망보험금 1억원~10억원, a headline 「최대 63% 인하된 보험료」 with its stated basis, two 보험료 예시 at 70세만기, the three rate classes’ consumer-facing criteria, the 납입면제 특약 restricted to 순수보장형, the 30-day 청약철회, the two-year suicide bar, and the 예금자보호 ₩100,000,000 notice. A block of 가입 시 유의사항 boilerplate on this page mixes several products’ warnings, and nothing in the product documents rests on that block.

S14 — 교보라이프플래닛, 「(무)라이프플래닛e정기보험Ⅱ」 보험료 설계 페이지 (consumer quotation page)#

  • URL: https://www.lifeplanet.co.kr/products/dth/HPPC61S0N.dev

  • Accessed: 2026-09-03, Retrieved: yes (840 KB HTML fetched raw and stripped, after a summarising fetch returned a garbled reading of the premium block)

  • A second, older term product from the same carrier, still on sale, with a 선택형 만기환급률 of 0% / 50% / 100% — the only three-way return-of-premium menu in the set — a four-class premium comparison at one cell, a three-point 만기환급률 premium comparison at the same cell, and 일시납 among the payment modes. It is one of the five grids the documents use to establish that every Korean rate card retrieved fixes the sum assured, so no flat policy element can be decomposed the way jplib decomposes one.

S15 — 「푸본현대 원패스 정기보험 무배당/갱신형(2404) 상품요약서」, 푸본현대생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 12 PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=37829&seq=5 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (108 KB PDF, extracted cleanly)

  • The shortest-cycle renewable term in the set — a 1년만기 contract renewing up to four times, sold through a mobile app, with the renewal effected by the policyholder not objecting 15 days before expiry. It prints the 상품코드 for the 최초계약 and the 갱신계약 separately, which is the direct evidence that a Korean renewal is a new contract on a new product code — the strongest single argument in the set for the short contract boundary, and the reason comm_new_term_rate exists as a switch at all.

S16 — 「푸본현대 원패스 정기보험 예상 갱신보험료 예시」, 푸본현대생명보험(주) (mandatory renewal-premium projection)#

  • Document: 예상 갱신보험료 예시, 1 PDF page

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=37830&seq=2 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (22 KB PDF, extracted cleanly)

  • A four-renewal premium path at ages 41–44, with the same rate-scale-frozen caveat as [S7]. Its evidential role in the documents is the second confirmation that the mandatory renewal disclosure shows a price path and never a persistency path, which is what makes renewal_decline_base = 0.20 a documented gap rather than a research failure. The document’s own basis line is internally inconsistent and no figure in the product documents depends on the inconsistent part.

S17 — 「미래에셋생명 헤리티지 정기보험 무배당 상품요약서」, 미래에셋생명보험(주) (statutory product summary)#

  • Document: 상품요약서, 20+ PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=43797&seq=2 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (2.72 MB PDF; extracted with a space after almost every syllable block, so the text was reflowed before reading and each figure re-checked)

  • The 간편고지형 (simplified-issue) form and its two-year 50% 감액지급 period for non-accidental death — Korea’s graded death benefit, which has no analogue in the level term products of uklib or jplib, and which the product specification scopes out of the composite. Also a 종신전환특약 and a 연금전환특약, 적용이율 연복리 2.00% (the low end of the observed 2.00–2.75% range), and mortality at 20/40/60 contributing to the 1.77x dispersion.

S18 — 미래에셋생명, 「경영인을 위한 정기보험 무배당 [해약환급금이 적은 유형]」 상품요약서 (statutory product summary)#

  • Document: 상품요약서 (일반가입형 / 간편고지형), 20+ PDF pages

  • URL: https://pub.insure.or.kr/FileDown.do?fileNo=44327&seq=2 (linked from [S4])

  • Accessed: 2026-09-03, Retrieved: yes (2.90 MB PDF; same reflow treatment as [S17])

  • The 경영인정기보험 family in full: a 90세만기 전기납 contract, 가입금액 5천만원~30억원, whose sum assured escalates from year 10 by a printed formula (체증보험금 = 보험가입 금액 × 체증률 × (계약경과년수 − 9), 체증률 10%), with a three-step 해약환급금이 적은 유형 (0% / 30% / 95%) and a 해약환급금 중도지급옵션. It is the evidence for the corporate-market variant the specification names and excludes, and for the statement that a Korean term sum assured is not always level.

S19 — 「한화생명 H종신보험 무배당 상품요약서」, 한화생명보험(주) (statutory product summary, whole life)#

  • Document: 상품요약서, 20 PDF pages, 2209-A01_A17, dated 20251003

  • URL: https://static.hanwhalife.com/dynamic/direct/product/cms_6r7g9G9XxiX5MbrW_1762729381266.pdf

  • Accessed: 2026-09-03, Retrieved: yes (677 KB PDF, extracted cleanly)

  • Cited only as negative evidence, and it is the strongest kind available: a current Korean 종신보험’s rider menu lists 3대질병케어특약, 9대질병보험료납입면제특약 and eleven 제도성특약, and no 정기특약 at all. That is what supports the finding that the Japanese and US pattern of a term rider on a whole life chassis has largely disappeared in Korea.

S20 — 「무배당 AIA 더해주는 종신보험 상품요약서」, AIA생명보험(주) (statutory product summary, whole life)#

  • URL: https://www.aia.co.kr/content/dam/kr-wise/ko/docs/products/life-protection/summary/AIA_kr_Form120_20260101.pdf

  • Accessed: 2026-09-03, Retrieved: yes (731 KB PDF; a summarising fetch reported it as binary, so the file was saved and extracted locally with pymupdf)

  • Same negative test as [S19], same answer: the string 정기특약 does not occur.

S21 — 「한화생명 하나로H종신보험 무배당」 and 「한화생명 e종신보험 무배당」 상품요약서, 한화생명보험(주) (two statutory product summaries, whole life)#

  • URLs: https://pub.insure.or.kr/FileDown.do?fileNo=45581&seq=3 and https://pub.insure.or.kr/FileDown.do?fileNo=45532&seq=2 (both linked from the 종신보험 view of the same disclosure as [S4], search_prodGroup=024400010001)

  • Accessed: 2026-09-03, Retrieved: yes (753 KB and 553 KB PDFs, extracted cleanly)

  • Same negative test, same answer, at two further products of the anchor 약관’s own carrier.

S22 — 생명보험협회 공시실, 상품비교공시 — 보장성보험 / 종신보험 (statutory cross-carrier disclosure)#

  • URL: https://pub.insure.or.kr/compareDis/prodCompare/assurance/listNew.do (POST with search_prodGroup=024400010001; first two pages fetched)

  • Accessed: 2026-09-03, Retrieved: in part (pages 1–2 of the 종신보험 result set)

  • The population-level version of the [S19]–[S21] test: across the two pages read, the substring 정기 occurs only in the page’s own category label. Used for that one finding and nowhere else.

S23 — 「삼성생명 자유설계보장보험(무배당) 약관」 (2014), republished by 인스클레임 (superseded policy conditions)#

  • URL: https://www.insclaim.co.kr/39/8650566

  • Accessed: 2026-09-03, Retrieved: no (HTTP 404)

  • Listed precisely because it could not be read. A search result named this superseded 약관 as containing a 정기특약, which would date the disappearance of the term rider rather than merely observe it. The document did not return, so the claim rests on a search snippet and is tagged unverified wherever the product specification makes it. No quantitative parameter depends on it.

Regulatory and actuarial references#

Twelve entries. Nine were retrieved from casenote.kr, which serves statute article text to a plain fetcher where law.go.kr’s friendly URLs return only site chrome; those nine are also carried, from an independent full-Act retrieval, in the cross-product library, and the product documents cite both.

R1 — 보험업법 제2조 (정의) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 보험업법, 법률 제19211호, 시행 2023-01-01

  • URL: https://casenote.kr/법령/보험업법/제2조, Accessed: 2026-09-03, Retrieved: yes

  • The definition of 보험상품 and within it of 생명보험상품 and 제3보험상품. This is the clause that puts 정기보험 squarely in the 생명보험 (first-sector) class and outside 제3보험, which is the classification statement at the head of product-spec.md and the reason this product is the library’s protection chassis rather than one of its four 제3보험 products. Cited beside REG-R1, which carries the same article from the full-Act retrieval.

R2 — 보험업법 제4조 (보험업의 허가) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 보험업법, 법률 제17636호, 시행 2021-06-09

  • URL: https://casenote.kr/법령/보험업법/제4조, Accessed: 2026-09-03, Retrieved: yes

  • The three-way licence split — 생명보험업 / 손해보험업 / 제3보험업 (상해·질병·간병) — and the restriction of the licence to 주식회사, 상호회사 및 외국보험회사. 정기보험 is written under 제1항제1호; 제1항제3호 is the statutory footing of the 제3보험 category four other krlib products sit in. Cited beside REG-R1.

R3 — 상법 제731조 (타인의 생명의 보험) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 상법, 시행 2020-12-10, 법률 제17354호

  • URL: https://casenote.kr/법령/상법/제731조, Accessed: 2026-09-03, Retrieved: yes

  • Verbatim: 「타인의 사망을 보험사고로 하는 보험계약에는 보험계약 체결시에 그 타인의 서면에 의한 동의를 얻어야 한다.」 This is the rule every 약관 in the set reproduces as a ground of 계약의 무효, and it is why the specification’s three-role table (계약자 / 피보험자 / 수익자) states written consent as a formation requirement. Cited beside REG-R50 제731조.

R4 — 상법 제732조 (15세미만자등에 대한 계약의 금지) and 제732조의2 (중과실로 인한 보험사고) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 상법

  • URLs: https://casenote.kr/법령/상법/제732조 and https://glaw.scourt.go.kr/wsjo/lawod/sjo192.do?lawodNm=상법&jomunNo=732&jomunGajiNo=2

  • Accessed: 2026-09-03, Retrieved: in part — the article text was returned by a search of those pages rather than by a direct fetch of each; the wording matches the paraphrase every retrieved 약관 gives, so it is treated as reliable and the pinpoint is marked accordingly

  • Two facts the product documents rest on it. 제732조 voids a contract on the death of a person under 만 15, which is the one place in this product where 만나이 and not 보험나이 is the operative age — stated in model.md because importing that basis into the projection is a live modelling error. 제732조의2 preserves the death benefit where the event arose from gross negligence, which is why a Korean life 약관’s exclusion list contains only intent. Cited beside REG-R50.

R6 — 상법 제659조 (보험자의 면책사유) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 상법

  • URL: https://casenote.kr/법령/상법/제659조, Accessed: 2026-09-03, Retrieved: yes

  • Verbatim: 「보험사고가 보험계약자 또는 피보험자나 보험수익자의 고의 또는 중대한 과실로 인하여 생긴 때에는 보험자는 보험금액을 지급할 책임이 없다.」 Read together with R4 제732조의2 it explains the shape of the exclusion list in the specification — intent only — and the treatment of the benefit where one of several beneficiaries is the killer. Cited beside REG-R49.

R8 — 소득세법 제59조의4 (특별세액공제) (statute)#

  • Publisher: 국가법령정보센터 / 법제처 — 소득세법, 법률 제19196호, 시행 2024-01-01

  • URL: https://casenote.kr/법령/소득세법/제59조의4, Accessed: 2026-09-03, Retrieved: yes

  • 제1항: 「그 금액의 100분의 12(제1호의 경우에는 100분의 15)」 of 보장성보험료, capped at 연 100만원 of premium per basket. This is a tax credit, not a deduction, which is the structural difference from Japan’s 生命保険料控除 and from every other market in this repository. The cap is on the premium, not on the credit, so the anchor cell’s ₩180,960 annual premium sits well inside the basket and the credit is 12% of the whole of it — ₩21,715, against the ₩120,000 a full basket would give. Cited beside REG-R57.

R9 — 보험업감독규정 【별표14】 표준해약환급금 계산시 적용되는 해약공제액 (제7-66조 관련) (annex to the supervisory regulation)#

  • Publisher: 금융위원회 — 개정 2011-01-24, 2015-05-07, 2020-01-15

  • URL: https://www.law.go.kr/LSW//flDownload.do?flSeq=137472119&flNm=[별표 14] 표준해약환급금계산시 적용되는 해약공제액(제7-66조관련)

  • Accessed: 2026-09-03, Retrieved: yes (111 KB PDF downloaded through a summarising fetch that reported it as binary, extracted locally with pymupdf, read in full including all seven notes)

  • The statutory cap on the surrender charge: 「연납순보험료의 5% × 해약공제계수 + 보장성보험의 보험가입금액의 10/1000」, with 해약공제계수 the 보험기간 capped at 20 years for a 보장성보험 and the 연납순보험료 recomputed on a 전기납 (20년납 if longer) basis. The documents use it to show that the cap is nowhere near binding on this product — its sum-assured limb alone is ₩1,000,000 at the anchor against a modelled year-1 acquisition charge of ₩228,576 — which is why model.md computes no 표준해약공제액. This is the same document as REG-R20, retrieved independently in both research passes; and it is not the same document as REG-R9, which is the 감독규정 본문.

R12 — 금융위원회 보도자료 (2021-11-08), 「무·저해지보험의 지속가능성 제고를 위해 … 상품설계를 합리적으로 개선하겠습니다.」 (regulator press release)#

  • Publisher: 금융위원회 보험과

  • URL: https://www.fsc.go.kr/no010101/76830, Accessed: 2026-09-03, Retrieved: yes (fetched through a summarising fetcher; plain curl to fsc.go.kr was reset by the host)

  • The 2021 supervisory intervention in 무·저해지 product design, and the earlier of the two Korean lapse-assumption interventions the product documents lean on. It supplies: the growth of 무·저해지 new business (신계약건수 30.4만건 in 2016 → 443.5만건 in 2020); the 해지율 산출기준 then imposed — 「해지환급금 수준이 낮으면(10%, 50%) 해지율을 더 낮게(0.2%, 1%) 적용」 and a lapse rate declining with duration; and the worked table of premium against post-완납 해약환급금 level (0% / 30% / 50%) that the specification reproduces as the −25.2% premium discount for the 무해지 form. Distinct from REG-R28, which is the 2020 상품구조 개선 and the 2019 FSS 소비자경보, and from REG-R27, which is the 2024 guideline.

R16 — 보험연구원, 「2026년 보험산업 전망」, 노건엽 (2025-10-21 세미나 자료) (industry outlook deck)#

  • URL: http://www.kiri.or.kr/pdf/세미나자료/smn_20251021_1.pdf

  • Accessed: 2026-09-03, Retrieved: yes (3.35 MB PDF extracted; chart data labels extract as bare numbers and were read against their axis labels)

  • Cited for the market-context finding that term life is not where the Korean life market is growing: 보장성보험 수입보험료 2021–2024 of ₩44.9 / 47.1 / 48.6 / 55.0조 and 2025 H1 of ₩30.3조 (+13.0%), with the growth concentrated in 무·저해지환급형 질병보험과 상해보험 rather than in death cover. A different document from REG-R46, which is 황인창’s 91-page deck from the same seminar series; the two are cited together and agree.

R18 — 보험저널, 「금융당국 해지율 예측 한참 빗나가… 저해지 종신보험 3년차 해지율 ‘50%’ 돌파」 (2025-05-14) (news article)#

  • Publisher: 보험저널 (insjournal.co.kr)

  • URL: https://www.insjournal.co.kr/news/articleView.html?idxno=26597

  • Accessed: 2026-09-03, Retrieved: yes. The underlying supervisory data was not retrieved, so the figures are second-hand

  • The only Korean lapse-experience datum available anywhere in this product’s research: for 5·7년납 저해지 단기납 종신보험, an actual 37회차 유지율 of 50.2% against an assumed 71.5%. It is a whole-life datum and not a term one, and the documents use only its direction — that the industry’s 무·저해지 lapse assumption has been too low — which is why lapse_be_factor = 1.0 is presented with a sensitivity rather than as a best estimate.

R19 — 보험개발원 참조순보험요율, cited by document number inside [S10] (reference-rate notifications)#

  • Numbers as printed in [S10]: 예정 경험사망률 「보험개발원 생명장기 제2024-0250호 (2024.01.23.)」; 예정 재해사망률 「보험개발원 생명장기 제2023-2072호(2023.12.06.)」

  • Accessed: 2026-09-03, Retrieved: no — the notifications are not public documents; only their identifiers were recovered, from a carrier’s own 상품요약서

  • Recorded because it establishes the provenance chain for a Korean carrier’s pricing mortality: 보험개발원 issues a 참조순보험요율, the carrier adjusts it, and the adjusted 예정 경험사망률 is what the 상품요약서 prints. That the chain’s middle link is not public is the reason mort_table.csv is a std construction and the reason no 50%-plus 장해 incidence could be sourced for wop_inc_rate. It is a life reference rate and is therefore not the 장기손해보험 참조순보험요율 of REG-R61, which is published and which Cancer_KR_S and Medical_KR_S use.

R20 — 보험개발원 (KIDI) website — 참조순보험요율 / 보험통계 pages (institutional pages)#

  • URLs: https://www.kidi.or.kr/ (index, retrieved), /user/nd78654.do (참조순보험요율, retrieved as an HTML shell), /user/nd87617.do (보험통계 서비스, not opened)

  • Accessed: 2026-09-03, Retrieved: in part — the index and the 참조순보험요율 landing page returned HTTP 200 and were fetched, but neither carries the 제10회 경험생명표 announcement or any numeric table

  • Cited only for what it does not contain. It is the record of the attempt: the documents state that neither the 경험생명표 nor a life 참조순보험요율 was retrievable from any public source, and this entry is what that statement is made against. No quantitative parameter rests on it. Compare REG-R34, which reached the publisher’s 보도자료 listing and its 빅데이터 platform and reached the same conclusion by a different route.

Cross-product references ([REG-R#])#

[REG-R#] tags resolve against references/regulatory-and-actuarial-references.md, whose own R1–R62 numbering is distinct from this file’s and is likewise frozen. Within that page plain [R#] refers to its own entries, so the two schemes must never be read across. The entries the term life documents cite, all accessed 2026-09-03:

  • REG-R1 — 보험업법 제2조·제4조: the 생명보험 / 손해보험 / 제3보험 licence split and the definition of a 생명보험상품. Retrieved: yes (full Act, 127,346 characters).

  • REG-R2 — 보험업법 제5조·제127조 등 (기초서류): the 산출방법서 is a 기초서류 filed with the FSC and never published, which is why every pricing-basis parameter here is std and why the margin inside a 예정 경험사망률 cannot be sized. Retrieved: yes.

  • REG-R3 — 보험업법 제120조: the statutory duty to accumulate 책임준비금, cited as a layer this model does not compute. Retrieved: yes.

  • REG-R4 — 보험업법 제176조 (보험요율 산출기관): the statutory footing of 보험개발원 and of the 참조순보험요율 regime whose life rates are not public. Retrieved: yes.

  • REG-R5 — 보험업법 제181조·제184조: the 선임계리사 behind the 기초서류 and the reserving. Retrieved: yes.

  • REG-R8 — 보험업법 시행령 제63조·제65조·제71조. Retrieved: yes.

  • REG-R9 — 보험업감독규정 (고시 제2026-16호), 본문: among much else the 기준연령 요건 that makes male 40 / 20년 / 1억원 the prescribed disclosure cell. Retrieved: yes (226,083 characters, the whole 고시). Not this file’s R9.

  • REG-R10 — 감독규정 제6-11조 등 (책임준비금, 보증준비금): the 잔여보장요소 / 발생사고요소 taxonomy, with the calculation delegated to the FSS Governor. Retrieved: yes.

  • REG-R11 — 감독규정 제6-11조의6 (해약환급금준비금): the company-level appropriation with no counterpart anywhere else in this repository, and the reason a 무해지 lapse assumption is a reserve question and not only a cash-flow one. Retrieved: yes.

  • REG-R13 — 감독규정 제7-1조 등 (K-ICS 지급여력): the solvency layer, including the sub-risks the key-sensitivity list is ordered against. Retrieved: yes (article text; the 기본요구자본 aggregation renders as an image and the 별표 22 detail was not retrieved).

  • REG-R14 — 감독규정 제7-17조~제7-19조 and 고시 제2022-53호 부칙: the commencement of the present regime on 2023-01-01. Retrieved: yes.

  • REG-R16 — 감독규정 제7-60조 (생명보험의 보험상품설계): 제9호’s floor requiring the death benefit to be at least cumulative premiums paid, except where the premium-paying period ends at age 80 or below — the exception this product falls in. Retrieved: yes.

  • REG-R18 — 감독규정 제7-64조·제7-65조 (산출방법서, 계약자적립액): the analysis of premium adequacy on 최적기초율 with projected cash flows. That is the regulatory use of a liability cash-flow model in Korea, and it is the shape this projection takes. Retrieved: yes.

  • REG-R19 — 감독규정 제7-66조 등 (해약환급금): the 해약공제기간 capped at seven years, and 제4항, which permits the reduced surrender value of a 무·저해지 form precisely because premiums were calculated on a 최적해지율. Retrieved: yes (operative words in full; the formula display did not extract).

  • REG-R20 — 감독규정 [별표 14] 표준해약환급금계산시 적용되는 해약공제액: the surrender charge cap by formula. Retrieved: yes (1-page PDF, full text). The same document as this file’s R9, retrieved twice independently.

  • REG-R21 — 감독규정 [별표 15] 보험가입금액의 산정: 제3호 makes a 일반사망 보장성보험 the base case of the whole schedule, against which a 제3보험 product’s notional sum assured is scaled. Retrieved: yes (1-page PDF).

  • REG-R23 — 보험업감독업무시행세칙 (금융감독원세칙): the delegation the 책임준비금 detail runs through. Retrieved: yes (114,610 characters).

  • REG-R25 — 시행세칙 [별표 15] 표준약관: the supervisor’s model policy conditions, and therefore the reason the carrier 약관 in this set agree almost word for word. Cited by article throughout the specification — 제13–14조 (contestability), 제15조, 제17조 (청약 철회), 제18조제3항 (품질보증해지), 제21조 (보험나이), 제26–27조, 제29조의2, 제32조, 제33조, 부표 3. Retrieved: yes (a 492-page PDF, 441,610 characters, read in full).

  • REG-R26 — 시행세칙 [별표 22] (K-ICS) and [별표 24] (보증준비금): Retrieved: no. The K-ICS 대량해지 shock, including the 고환급형 test, is therefore known only at second hand through REG-R36 and everything resting on it is unverified — which matters precisely here, the 무·저해지 form being what the test is about.

  • REG-R27 — 제4차 보험개혁회의 보도자료 (2024-11-07, 계리가정·할인율): the IFRS17 주요 계리가정 가이드라인 — a 로그-선형 lapse model converging to 0.1% as the 원칙모형 for 무·저해지 business, a 완납 후 최종해지율 0.8%, and a 30% additional-lapse floor at a discrete contractual event. This is the shape of lapse_table.csv and the upper bound on renewal_decline_base. Retrieved: yes (the 보도자료 and its 별첨). The guideline attachment itself was never converted from HWP, so its functional form is unverified at instrument level.

  • REG-R28 — 무(저)해지환급금 보험 상품구조 개선 (2020) and FSS 소비자경보 (2019): the supervisor’s own statement that a 무해지 policy has nothing to lend against, which is why the 보험계약대출 the 약관 grants is inoperative in fact. Retrieved: yes.

  • REG-R29 — 「불합리한 보험 사업비와 모집수수료를 개편하여…」 (2019-08-01): the 표준해약 공제액 as 13 months’ premium for a 보장성보험 — a rule of thumb calibrated on a different premium-to-cover ratio, which the documents state does not transfer to a ₩100,000,000 term policy. Retrieved: yes.

  • REG-R30 — 보험업권 자본규제 고도화 (2025-03-12) and FSS 지급여력비율 현황: K-ICS 요구자본 ₩118.9조 at 2024-09-30 and an industry ratio of 210.8% at 2025-09-30 against a 100% minimum. Retrieved: in part.

  • REG-R32 — 「오늘부터 새로운 예금보호한도 1억원 시대가 열립니다」 (2025-09-01). Retrieved: in part — but the operative rule is REG-R52, which was retrieved in full.

  • REG-R33 — 보험개발원 제10회 경험생명표, as reported by 보험매일: 평균수명 남 86.3 / 여 90.7 and 65세 기대여명 남 23.7 / 여 27.1, applied from April 2024. These four numbers are the tilt target of mort_table.csv. Retrieved: yes — but it is a news article, the KIDI announcement itself not being retrievable, which is the second reason the table is a construction.

  • REG-R34 — 보험개발원 public channels (보도자료 listing, 빅데이터 platform): the record that the 경험생명표 is released as summary statistics only. Retrieved: in part.

  • REG-R36 — 보험연구원 CEO Report 03호, 노건엽·이승주 (건전성 제도): the second-hand source for the 대량해지 shock calibration that REG-R26 would have carried first-hand. Retrieved: yes (24 pp.).

  • REG-R38 — 국가데이터처 「2024년 생명표 작성 결과」 and 통계청 「2023년 생명표」: the public national table, whose 65세 기대여명 of 19.5 (male) and 23.7 (female) is what the shipped insured-lives table must sit above by a selection margin. Retrieved: yes.

  • REG-R39 — KOSIS 완전생명표 (single-year qx tables): Retrieved: no — distributed through the KOSIS interface rather than as a fetchable file, so the graduation check uses the briefing figures of REG-R38 and not single-year rates.

  • REG-R46 — 보험연구원 「2026년 보험산업 전망」, 황인창 (91 pp.): 보장성보험 premium income ₩48.6조 (2023) → ₩55.0조 (2024) → about ₩66.2조 (2026E), against a 저축성 book in slow decline. Retrieved: yes. A different deck from this file’s R16.

  • REG-R48 — 평균공시이율 and 공시기준이율, carrier regulatory disclosure: the 2026 평균공시이율 of 2.50% that the 약관 itself names as the discount rate for a 선지급 payment, and hence accel_disc_rate. Retrieved: in part.

  • REG-R49 — 상법 제4편 제1장 통칙 (제638조~제664조): 제638조의3 (품질보증해지), 제651조 (고지의무위반), 제659조 (면책), 제662조 (3년 소멸시효). Retrieved: yes (제4편 read in full).

  • REG-R50 — 상법 제4편 제3장 인보험 (제727조~제739조의3): 제731조 (written consent), 제732조 (the 만 15 voidness rule), 제732조의2 (gross negligence). Retrieved: yes.

  • REG-R51 — 금융소비자보호법 제46조 (청약의 철회): the statutory cooling-off the 표준약관 implements verbatim. Retrieved: yes.

  • REG-R52 — 예금자보호법 시행령 제18조: 제7항 gives 사고보험금 a separate and additional ₩100,000,000 limit beside 해약환급금 and 기타지급금, and corporate policyholders no protection at all. Retrieved: yes.

  • REG-R57 — 소득세법 제59조의4 (특별세액공제 — 보장성보험료): the 12% credit on up to ₩1,000,000 of premium, and 15% for a 장애인전용보장성보험. Retrieved: yes. Cited beside this file’s R8.

  • REG-R59 — 상속세 및 증여세법 제8조·제34조: a death benefit as estate property where the deceased was in substance the payer, and as a gift where the premiums were another’s. No Korean carrier document in this set addresses that triangle. Retrieved: yes.

  • REG-R60 — 한국회계기준원, 「”보험계약” 국제회계기준(K-IFRS 제1117호) 제정 의결」: the standard in force in Korea since 2023-01-01. Retrieved: in part — the release body returned, the 별첨 HWP carrying the standard’s own text did not, so the contract-boundary question this product publishes both readings of is unverified at instrument level.

  • REG-R61 — 보험개발원 「장기손해보험 참조순보험요율」 공시: the published morbidity reference rates — a cancer incidence grid excluding C44 and C73, and a 질병입원율 grid. Retrieved: yes. Cited here for one contrast only: Cancer_KR_S can source its incidence basis, and this product’s mortality cannot, the life 참조순보험요율 R19 being unpublished.

Provenance note#

Every entry above traces to _research/term-life.md, which is the citation ground truth for this product: the S# and R# numbering used here is that file’s numbering, unchanged, and it is never renumbered because these documents cite against it. The research file’s own numbering is not this one’s — it runs to S24 and R21, and it carries R5, R7, R10, R11, R13, R14, R15, R17, R21 and S24, which this file omits as uncited, with the reasons given at the head of this page.

What lives there and not here: the per-carrier extraction record — which fact came from which page of which PDF; the six comparison tables behind Variation across carriers, including the seven-carrier 예정 경험사망률 spread at male 40 (0.000480–0.000850), the 45-product 보험가격지수 distribution and the full 45-row disclosure table; the fetch method for each host, including the POST parameters that make pub.insure.or.kr answer and the law.go.kr open-API routes that do and do not return text; and the register of fetch failures and unverified claims — the 경험생명표 rates, any life 참조순보험요율, the 보험업감독규정 제7-66조 body text as read at first hand, the K-IFRS 1117 standard text, the K-ICS 대량해지 별표 22, the 정기특약 claim resting on [S23], and every expense, commission, disability-incidence, acceleration-take-up and reinstatement figure in the Korean market, none of which any carrier publishes.

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