Pay-in-Advance Policies

  • 1985 11 – FTC – Report – Life Insurance Products And Consumer Information, by Michael P. Lynch and Robert J. Mackay, Staff Report Bureau of Economics, Federal Trade Commission  —  [BonkNote]  —  317p
    • p1 – This second class of policies necessarily combine insurance and savings and so we term these policies ‘pay-in-advance policies. Within the class of pay-in-advance policics there are three general types that are considered in this report: par and non-par Whole Life and Universal Life.