Why You Should Question Life Insurance Policy Illustrations
- Topics:
- Directors and Officers Coverage
- Tags:
- Business Operations,
- Corporate Insurance,
- Finance,
- Financial Planning,
- Insurance,
- Life Insurance,
- Life Insurance Advisors
- Source:
- Life Insurance Advisors
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Overview: This article discusses why one should question life insurance policy illustrations. In analyzing the possible rate of return of either a new or existing life insurance policy, and comparing it to possible alternatives, it is first important to understand how inherently unreliable and potentially misleading is the most common method of analysis. Some of the questions, which can be used to respond such kind of situations include: one should not base life insurance investment decisions on policy illustrations, look out for under-funded “permanent” policies that may lapse, it mean the client has to engage and also pay the regular commission to the insurance agent or broker when buying new insurance. Sellers of life insurance policies, including products with an investment component, are allowed to do that which is illegal for the seller of securities -- to project into the future the likely rate of return of a particular policy and to represent that the illustration is a sound basis for selecting the product.
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Format: PDF | Size: 160KB | Date: Jan 2003 | Pages: 3
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