The Russian state news agency TASS reports that at least 11 people were killed and 15 others were wounded when two gunmen opened fire on Russian military recruits at a training ground in the Belgorod region.
Gunmen were said to have been from former Soviet states, according to TASS, which cited the Russian Defense Ministry. The Russian government has deemed the attack terrorism.
“TASS reports that 11 people were killed, 15 were injured and receiving medical attention as a result of a terrorist attack on a military training ground in the Belgorod region,” said the report.
“The attack took place during a training session with volunteers preparing for an operation. Small-arms fire was used by the terrorists against the members of the unit.”
In retaliatory fire at the training ground, two individuals who committed the “terrorist act” were killed.
In response, a Russian Investigative Committee statement said a criminal investigation has begun into the incident.
“A criminal case has been initiated by the Main Military Investigation Department of the Investigative Committee of Russia,” read the statement.
On the Ukrainian border, Belgorod is located in western Russia.
Later, Belgorod city’s governor said that no civilians had been killed.
“Something terrible happened on our territory yesterday. A terrorist act was committed. Many servicemen were killed and wounded,” Governor Vyacheslav Gladkov said on Telegram.
“No residents of the Belgorod region were injured or killed,” he said.
Many of the men killed were called up in Russia’s conscription which is essentially a draft to get as many fresh bodies as possible. The issue they are going to have is most of those people don’t have a will to fight. Meaning many of them could be led into a slaughter.
Term Life Insurance Explained:
With a term life insurance policy, the insured or the owner pays a premium for a specific period. The insurance company provides a monetary benefit to the beneficiary if the insured dies during the period. Typically, income tax is not applied to the death benefit received by the insured. It is the cheapest form of life insurance available to the general public.
Four parties are involved in term life insurance. The insured is the one who pays the premium. On the death of the insured, the death benefit (face value) is paid to the beneficiary. A beneficiary receives the insurance proceeds upon the death of the insured. The insurer is the company that provides the insurance. The owner pays the insurance company a monthly or periodic premium.
For instance, Amanda pays 50 dollars monthly to ABC Company for insuring the life of Bill (her husband) for a period of 10 years. If Bill dies within these 10 years, ABC Company will pay 6000 dollars to Jack (Jack’s son). In this case, the insured is Bill, the owner is Amanda, the beneficiary is Jack, and the insurer is ABC Company. The insurance policy has a face value of 6000 dollars and a 50-dollar premium.
A person buys a policy to cover his own death and nominates a beneficiary as a beneficiary. This is in the event that he does not die during the 10 years covered by the policy. If he does not die during these 10 years, ABC Company will not be responsible for paying any money to any of the parties involved.
In the case of term life insurance, there may be special provisions like suicide terms whereby the beneficiary will not receive any benefit if the insured commits suicide. Term life insurance uses two concepts, the theory of diminishing responsibility and the concept of Buy Term and Invest the Difference (BTID).
In Term life insurance the responsibility or liability of the insuring company reduces as the policy reaches its maturity. Term life insurance is the cheapest type of insurance policy available because there is no cash value at the end of the period.
Studies have shown that the mortality rate in term life insurance policies is as low as 1%. Hence the concept of BTID. It is thought to be more cost-effective to purchase term life insurance and invest in other areas, as opposed to whole life insurance, which accrues cash benefits and has a savings component.
If you don’t need a cash savings component tied to your policy and instead want to maximize the benefit to your family buying term life insurance is a more attractive choice than buying whole life insurance. Term life insurance is available for a period of 5, 10, 20 years etc.
A premium increases as the insured’s age increases. The premiums are calculated based on mortality rates, which are typically determined by the insured’s age, gender, and tobacco use. A majority of companies offer an annual renewable policy, but the premium increases on an annual basis.