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- Title
A Better Way to Buy Life Insurance.
- Authors
Weber, Richard M.
- Abstract
Life insurance has classically provided financial security to millions of families to offset the financial loss due to the premature death of a breadwinner. Life insurance for this purpose can be as simple as a 10-year term policy providing for a temporary need, or the more complex indexed universal life (IUL) that has become one of the most popular cash value policies purchased in the last 15 years. However, policy sales have begun to shift away from a focus on death benefits toward providing tax-free retirement income. When premium financing is added to the inherent complexity of IUL, such plans have been failing at an alarming rate. The result can end in time-consuming and costly litigation against agents and their insurance companies.
- Subjects
LIFE insurance; SURVIVORS' benefits; INSURANCE companies; EARLY death; FINANCIAL security; RETIREMENT income; RETIREMENT planning
- Publication
Journal of Financial Service Professionals, 2024, Vol 78, Issue 4, p27
- ISSN
1537-1816
- Publication type
Article