How To Avoid The Premature Death Of An Existing “Permanent” Life Insurance Policy
- 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 focuses upon how to avoid the premature death of an existing “permanent” life insurance policy. A high percentage of existing “permanent” insurance policies will not make it to the finish line. They will fall apart before the deaths of those they insure if the insured lives a long time. Most of the premiums, other than the amount-providing temporary term insurance protection, will be wasted. The “permanent” insurance choices in recent times have been more numerous, complex, and risky. In one form or another, today’s policies, especially in larger cases, most often involve combinations of whole life and term insurance. The perceived advantage is the ability to buy more coverage that is assumed permanent for an annual premium that may be no more than half the cost of traditional whole life coverage. Monitoring this risk and avoiding or minimizing it requires a greater understanding of its origins. However, the likely failure of a high percentage of the “permanent” life insurance purchased over the last 20 years remains a largely unknown hazard.
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Format: PDF | Size: 147KB | Date: Jan 2003 | Pages: 4
