Archive for August, 2005
Reduction of Premium
Using the dividends to pay down the premiums due for the next year.
Using the dividends from a Whole Life Policy to pay off the premiums faster.
Required by law to show cash values in the first 20 years.
Universal Life Policy
The Insurer credits the policy with a current (non-guaranteed) interest rate and backs the cash value with a lower guaranteed (contract) rate.
Term Insurance Premium
All things being equal, the shorter the term the lower the premium.