The concept, vanishing premium whole life insurance, used to be
quite popular from the salesman's point of view.
It has turned out that this idea is not only unrealistic but projecting life insurance policy values in the manner is tantamount to fraud.
Every life insurance agent knows that life insurance dividends are not guaranteed.
They learn that when they apply for their life insurance license and when they go through the study course that the life insurance company provides...
Want to protect your family with life insurance? Take a Free look at Top Quality Life Insurance Quotes from a Highly Rated Carrier and Save. Click Here And Save
There is always some smart agent who checks the
of a life insurance policy and discovers that if the company continues their present level of performance the
life insurance policy
fully paid up
in a limited period of years.
The death benefit of the policy is maintained. The vanishing premium ordinary life insurance policy is reborn.
The problem with this idea is that the life insurance company
cannot guarantee it's performance level 10, 15 or 20 years down the
line. Their investment strategy might not prove as profitable as
expected and their expenses may turn out to be above anticipated levels.
If this occurs and they projected a vanishing premium ordinary life insurance policy to be paid up in 17 years for example they are in big trouble with the authorities...
life insurance companies
that perform so well that when you get to a certain point your policy
has accumulated so much value that you can request to have the policy
fully paid up at that point. You could hold a possible vanishing premium
whole life policy.
They, the life insurance company, however, cannot tell you that it will happen...even if their projections are very conservative.
One of the great performers in the life insurance industry recently did that and because they were unable to fulfill their obligation to their policy owners ended up in the courts and lost.
The vanishing premium whole life insurance policy is a great idea, in theory, but projecting it as such is at the least unethical and, as it has been proven, illegal.
Can you think of anything more important than your Family's Security?
What would happen to Your Family if you died? Would they be provided
for? Compare Quality Life Insurance Quotes from Quality Carriers and
Save. Click Here To Learn More
Home | Vanishing Premium Whole Life Insurance | Whole Life Insurance Online | Advantages Of Whole Life Insurance | In Praise Of Whole Life Insurance | Instant Whole Life Insurance Quote | Return Of Premium Life Insurance | Term Versus Whole Life Insurance | Whole Life Insurance Benefit | Whole Life Insurance Comparison
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.
Whole life insurance is the plan of choice for many people. There are many variations to this plan.
Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.
Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?
In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.