Cash

Premiums and Benefits – Cash Value Mr. Reyna said the policy overview should help consumers understand how cash value accumulates and can work to their advantage over time. Mr. Wicka acknowledged that the issue is complicated because a lot depends on how the policy is funded; however, just the knowledge that the policy has cash…

Q: Does a Term Policy Have Cash Value? ⇒ Despite the fact that there are cash values in the thirty-year term contract, from a consumer’s viewpoint it has no savings element. — Paul Overberg 1973 – SOA – Price Disclosure and Cost Comparison, Society of Actuaries – 186p Cash Value vs Savings vs Reserves Wade Pfau -…

Starters – Policy Cash Flow Mechanics First thing that I want to say is that there have been some references to Misleading Illustrations. I’m certainly not aware of the Regulators have not found that Illustrations are misleading. That seems to be just an allegation that is left hanging in the air, which is inaccurate. The…

Cash Value Life Insurance Cash value life insurance can operate as an investment vehicle that combines life insurance protection with a financial instrument that operates similarly to bank certificates of deposit and mutual fund investments. 2010 – CRS – Senate Committee Print 109-72 – Tax Expenditures Compendium of Background Material on Individual Provisions 109th Congress…

Cash Surrender Values My topic this morning is required cash surrender values for Universal Life products. A few of the questions I will address include: What is the status of NAIC activity in this area? What are the prospects of the NAIC adopting the current ACLI nonforfeiture proposal? As I personally do not believe that…

Policy Mechanics / Cash flow / Works Until the buyer understands how the product works, attempts to compare price are essentially meaningless. 1972 – SOA – Life Insurance and the Buyer, by Anna Rappaport, Society of Actuaries – 2p-Article Buyers of life insurance are entitled to descriptions of their policies and how they work. But…

Cash Value Gary Sanders (National Association of Insurance and Financial Advisors—NAIFA) agreed that use of the term “cash value” was confusing. 2017 0217 – NAIC – LIBG WG Conference Call This creature called universal life has evolved from a combination of term insurance and a flexible premium annuity to a range of differing products with…

Premiums, Costs, Values and Benefits – Cash Value

Q: Does a Term policy have Cash Value?

Start – Policy Cash Flow Mechanics

Cash Value Life Insurance

Cash Surrender Values

Policy Mechanics / Cash flow / Works

Cash Value