Forbes

  • 1979 09 - Forbes - V124 - 1778p - ia800603.us.archive.org/3/items/forbes124sepforb/forbes124sepforb.pdf
    • Merrill Lynch Life Agency - Occidental
    • Insurance companies advertise policies and ask you to pay the premiums with your charge card. Imag- ine, paying 18% a year interest on life insurance premiums!
    • It was not life insurance as such that appealed to Pohlad, apparently, but tax breaks and the pool of capital that life insurance commands. 
    • Bringing his fist down hard on the marble conference table in his kelly-green-carpeted office, Robert A. Beck explodes, "The report [on debit insurance] was badly done. A hatchet job. If you are going to make a charge against a product, wouldn't it seem reasonable that the re- port be balanced enough to be truthful? I'm not asking them not to be critical, just to be factual, and they were not.
      • FTC Credit Insurance Report
    • Unless you are loaded with income or capital, most financial planning is a matter of common sense. Thinking there are magicians who can maximize your income, multiply your capital or minimize your taxes is comforting but dangerous. You may think you're getting financial planning when you're really getting more life insurance or mutual funds than you
      want, or not-very-good tax shelters. In short, be skeptical.
    • AEtna's AEconomaster - Chopped Steak - Inflation
    • Since the Federal Reserve Board sent up the interest-rate balloon in October, life insurance companies that permit cus- tomers to borrow on their policies — at bargain rates — have been caught in a bind. "Thirty-two percent of our monthly cash flow is eaten up by policy loans," says Donald Schuenke, a senior vice president at Milwaukee's Northwestern Mutual Life.
      • Millions of once unsophisticated Americans know how to get these life insurance loans, and more millions are fast learning. Life companies tied to cash-value policies could find themselves low on money and be forced ei- ther to borrow from the banks at the new high rates or — just as bad — to sell off higher yielding in- vestments to provide money for their policy loans. Cash value life in- surance could well be a ca- sualty if interest i^tes and inflation rates remain high.—
  • 1980 01 - Forbes - V125 - 1576p - ia902805.us.archive.org/28/items/forbes125janforb/forbes125janforb.pdf
    • loans
  • 1981 - Forbes - V127 - 1242p - ia600203.us.archive.org/10/items/forbes127janforb/forbes127janforb.pdf
  • 1981 10 - Forbes - V128 - 1400p - ia801306.us.archive.org/12/items/forbes128octforb/forbes128octforb.pdf
  • 1982 10 - Forbes - V139 - 1522p - ia800604.us.archive.org/6/items/forbes130octforb/forbes130octforb.pdf
  • 1983 01 - Forbes - V131 - 1344p - ia800202.us.archive.org/1/items/forbes131janforb/forbes131janforb.pdf
    • NYL - Target Life universal life policy - Retirement, 
  • 1983 04 - Forbes - V131 - 1418p - ia800203.us.archive.org/17/items/forbes131aprforb/forbes131aprforb.pdf
  • 1983 10 - Forbes - V132 - 2002p - ia902800.us.archive.org/35/items/forbes132octforb/forbes132octforb.pdf
  • 1984 10-11-12- Forbes - V134 - 2238p - dn790007.ca.archive.org/0/items/forbes134octforb/forbes134octforb.pdf
    • 1984 1001 - Volume 134 - Number 8
      • 44 - 
    • 1984 1022 -
      • 100-101 - Executive Life -  LIFE INSURANCE USED TO BE MONEY THAT DIED YOUNG. 
      • 112 - Life of Virginia - ENTERPRISE 401(k) vs. IRA 
    • 1984 1105
      • 55 - Monarch -  No other form of life insurance, no other life insurance company gives you an investment option like this-with known double-digit rates of compounding for as long as 19 years. 
      • 248 - Shrewd marketers are using zero coupon bonds to sweeten everything from houses to oil deals to insurance. Zero-sum games - Monarch
      • 277 - John Hancock Variable Life 
    • 1984 1119
      • 116-117 - Executive Life - WHY A LOT OF PEOPLE WHO WOULDNT HAVE BEEN CAUGHT DEAD BUYING LIFE INSURANCE A FEW YEARS AGO ARE BUYING IT TODAY LIKE THERE'S NOTOMORROW
        • There's a new piece of fine print in the insurance business. Most of the policies like ours that are sold today are sold on "projections;' "Projections" is a formal word for "guess!' More politely, a projection is an estimated rate of return.
        • "And what happens if the company doesn't make its projections?" You may be buying a policy that will require you to make up the difference in increased premium if your insurance company doesn't make its projected earnings. (Sort of an annual balloon payment, if you can pay it. Or less protection if you can't.)
      • 207 /212 - Drexel / Executive Life (Fred Carr) - Combine some of America's biggest dealmakers with Drexel Burnham Lambert, and you have a money machine that is the envy of the investment business.
        • 1. Saul Steinberg; 2. Carl Lindner; 3. Samuel Belzberg; 4. William Belzberg; 5. Fred Carr, 6. Victor Posner, 7. Thomas Spiegel; 8. Michael Milken
        • 212 - The arrangement is this: Fred Carr's First Executive and the Drexel group own 50% each of First Executive's reinsurance subsidiary, ELID Life Insurance Co.
          • First Executive's $5 million came from proceeds of $10 million of preferred stock Drexel placed for it in 1980 with companies run by three of Drexel's best customers: Saul Steinberg, Carl Lindner and Victor Posner.
      • 226-227 - Transamerica's - Rebuilding the pyramid 
    • 1984 1203 - Forbes - Volume 134 Number 13
      • 146 - Mutual Life Insurance Co. Of New York - Taking a serious look at "demutualization." 
      •  
      •  
    • 1984 1217 - Forbes -
      • 68 - AIG - AILife - American International Life Assurance Company of New York -
        • No Annuity Policyholder Should Ever Lose Sleep... Over An Insurance Company Domiciled in New York.
          • For the simple reason, "no policyholder of a domestic life insurance company has ever lost a penny because the company couldn't meet its obligations." 
        • Even more comforting is the fact that New York's strict insurance regulations promote this stability By law. To make sure that life insurance companies, , licensed to do business in
          New York, can fulfill the obligations of the policies they sell.
        • AILife is also a member of one of the foremost insurance organizations in the world, the American International Group (AIG), operating in over 130 countries worldwide.
      • 221 - AMI - Fidelity Interstate Life Insurance Co. 
      • 236 - Life Insurance Stocks - Both Duncan and Loudon have jumped on the interest-rate-sensitive, low-inflation bandwagon. Duncan is hot for life insurance companies, arguing that "there is a revolution going on in terms of the types of products offered." He mentions American National Insurance in Texas and Jefferson-Pilot in North Carolina because of their success in selling high-growth, variable-rate products.
    • 1984 1219 - Forbes -
      • 62 - Continental Corp. - Shoot the stragglers - Eyebrows rose when Continental told 2,100 agents to shape up or drop out. Now its ahead in the climb back to profitability. 
  • 1983 - Forbes - V132 - 2002p -  ia902800.us.archive.org/35/items/forbes132octforb/forbes132octforb.pdf
    • 1983 Fall - Forbes - Ad - TransAmerica / Occidental - Universal Life - p278
      • Like our Universal Life policies that meet the competition offering interest on cash value money market rates. 
    • 1983 1010 - Forbes - Ad - New York Life - p174
      • Decisions. Decisions.
        • Should you put more money into life insurance to protect your family?
        • Or should you put it to work at competitive interest rates for future college expenses retirement, and other needs?
        • Your dilemma may be solved with New York Life's new Target LifeSM Policy* That's because it is a remarkably flexible universal life insurance policy with several essential benefits.
    • 1983 1010 - Forbes - The Changing Face of Life Insurance, by Goldie Dietel, Life Consultant, Richard R. Doyle Associates - (p
    • 1983 1024 - Forbes - Ad -The Hartford - p95
      • Compare your present life insurance with The Hartford's Solution

      • We can cut your life insurance costs up to 50% — without cutting your coverage

    • 1983 1205 - Forbes - Change of Life, by Jill Andresky - p147
      • Aetna (Voya) - Aeconoflex 
      • With universal life policies, course, this buildup is much greater than in old-fashioned policies because the insurance companies usually invest the premiums in short-term instruments.
        • "Congress is acting," says Tepper, "because it saw a proliferation of people using life insurance to avoid taxation on what had become essentially an investment-oriented product."
      • Here's why universal life is such a sweet deal. Say you paid a $1,000 premium on your universal life policy last month. Depending on your age and the size of your policy, only $250 of that might actually go to insurance coverage. The other $750 would generally be invested for you by the insurance company at short-term rates.
    • 1983 1121 - Forbes - Ad - Bankers Life - Adjustable Life II- p348
      • Adjustable Life II from The Bankers Life of Des Moines gives you a combination of benefits no other single policy can match. Not term! Not whole life! Not universal life!
      • Provides Whole Life Advantages At the Price of Term. You can move freely between the low cost, temporary protection of term insurance and the long range, cash value advantages of whole life.
      • Changes to Fit Your Needs. As many times as necessary you can, within limits, raise or lower your payments, increase or decrease your coverage, lengthen or shorten protection period. In effect, you're able second guess" what your needs will be lie future.
      • But since every Adjustable Life II policy earns dividends, they can be used to lengthen the period of coverage. 
      • [Bonk: ??] - This gives you the low cost benefit of pure protection plus the level premium payments of a whole life policy.
    • 1983 1205 - Forbes - AILife (AIG) - Why does AILife call it "Universal Life Insurance"? Because it does more than you ever thought life insurance could! - p
      • We offer no confusion and no gimmicks!
      • At AILife, we call our exciting new product "UNIVERSAL LIFE INSURANCE" because it appeals to just about everyone and is the best and simplest way to describe this unique and flexible insurance policy.
      • Universal Life can change the way you think about life insurance.
      • No Sales Charge
        • Unlike many other Universal Life policies being sold today, AlLife's Universal Life policy is a No Front Load policy.
        • This means you pay no sales charge when you purchase your policy. All premiums you put in are credited to your account! (There are charges for cancellation or withdrawals during the early years of the policy).
  • 1991 01 - Forbes - V147 - 1086p - ia600209.us.archive.org/33/items/forbes147janforb/forbes147janforb.pdf 
  • 1994 01-02-03 - Forbes - 1520p - ia800404.us.archive.org/31/items/forbes153janforb/forbes153janforb.pdf
    • 1994 0103 - 
    • 1994 0117 -
      • 1 - Barry Kaye / Wealth Creation Centers / American General Life
        • As Dick Clark discovered when he purchased the first Ultimate Gift Certificate, it is the most revolutionary, enduring and loving gift ever made available for family and loved ones. A $1,000,000 Gift Certificate, costing as little as $142,000*, can provide a legacy of wealth for your children, your grandchildren, a relative, friend, trusted employee or even your favorite charity. This unique Gift Certificate is backed by a $1,000,000 insurance policy, underwritten by American General Life, which can potentially increase the value of your estate up to 10 times its original value upon your death. 
      • 2-3 - NYL - 
    • 1994 0131 -
      • 31 - Guardian
    • 1994 0214 -
      • 81 - Singapore for the first time last year allowed citizens to  invest a portion of their retirement
        funds in life insurance products instead of giving it all to a government- run pension plan; premiums in what was considered a maturing market are growing 35% a year at Singapore's Great Eastern Life. 
    • 1994 0314 -
      • 71-76 - Executive Life / Leon Black / John Garamendi -Smart Buyer, Dumb Seller
        • John Garamendi graduated Harvard Business School )ut must have slept through his finance classes. Fellow alumnus Leon Black was clearly wide awake during his. 
    • 1994 0328 -
      • 100, 102, 103 - THE REWARDS OF DOING IT RIGHT - Ethics In American Business - American Society of CLU & ChFC IN ASSOCIATION WITH FORBES Magazine announces the first annual American Business Ethics Awards.   
  • 1995 07 - Forbes - 2082p - V156 - ia600209.us.archive.org/5/items/forbes156julforb/forbes156julforb.pdf
  • 1997 04-05-06 - Forbes - 2002p - dn790009.ca.archive.org/0/items/forbes159aprforb/forbes159aprforb.pdf
    • 1997 0407 -
      • 90 - Stock index funds: taking a closer look S&P 500 index funds are all the rage. Are they as safe as you think. Can there be too much of a good thing? Better read on., By Gretchen Morgenson 
    • 1997 0421 -
      • 235 - Prudential - VUL - Variable Universal Life
      • 329 - LifeUSA - How traditional insurance works: All you have to do to get this is die.
        • Yet, while the needs of insurance customers have changed, most insurance companies continue to push outdated products that emphasize death benefits and offer modest retirement income as an afterthought.
        • LifeUSA has a new idea — called "Universal Annuity Life'.'* The first life insurance policy that not only covers against early death, but also rewards our policyholders with a guaranteed retirement income that can be two to three times greater than traditional insurance policies.
      • 368 - Prudential - Discovery Select Annuity
    • 1997 0505 -
      • 91 - Special Advertising Section - American Express Financial Advisors
    • 1997 0519 -
      • 92 - The case of the missing $5 Billion
        • The U.S. Bureau of Indian Affairs acts as trustee in charge of 56 million acres of land held by the Department of the Interior on behalf of the Indians living on the land.
        • But no one seems to know where all the money is — or where it has gone. Arthur Andersen, which completed an investigation early last year, says $2.4 billion in tribal finds can't be accounted for.
          • The accountants have been unable to trace the money because the BIA and the Treasury Department destroyed the records.
        • When the Indians did try to track the cash, they found money invested by regional BIA officials in speculative real estate deals or in life insurance.
      • 95 - Guardian - You can sleep like a baby when your Guardian representative helps you plan your future. For example, with a Guardian Whole Life Insurance' policy, your cash value accumulation will keep on growing tax-deferred until retirement. 
      • 295 - Met - Flashback - Insurance Co. gym Arthur director E. Bagley demonstrates his "bicycle ride" as he leads by radio the "largest gym class in the World."
    • 1997 0602 -
      • 125 - MetLife - MetLife is the first insurer in North America to reach $1 trillion of group life insurance in force.
      • 159 - LifeUSA - Why a 10-year-old insurance company is better for you than a 100-year-old insurance company. (Hint: no 100-year-oid products.) 
    • 1997 0616 -
      • 81 - Gary Tharaldson - Moonlighting as a life insurance salesman, he was soon making more money selling policies for a few months than from teaching for a whole year. 
      • 125 - Advertisement - Insurance Guide
        • "One of the most important points we stress to our clients is the retirement gap," says Steve Parrish, second vice president of individual business markets at The Principal Financial Group.
        • Cash value life insurance policies and variable annuities are two products that have become increasingly popular in the last few years as a way to hedge against inflation and help plan for your golden years.
        • Rodney O. Martin, Jr., president and CEO of American General Life Insurance Company.
          • "Equity index universal life policies are great products for those customers who don't want to take the risk to princi- pal inherent in a variable universal life policy, but still want the potential of earning a better rate than in a traditional universal life policy," says Martin.
          • Besides tax-free death benefits, EIULs offer taxdeferred cash accumulation and tax advantaged distributions, which can make them an important product in your overall planning strategy.
      • 293 - 50 years ago - (From the issue of June 15, 1947) - "Has saving lost its appeal."
        • Whereas savings banks used to pay as much as 4% or even more, today's rate, in New York, for example, is 1.5%.
        • U.S. life insurance companies earned less than 3% on their invested fiinds in 1946, an all-time low." 
  • The ACLI’s Dolan says the size of the premium depends on the returns on the options in the policy.
    • “The fact is, in a different (and better) economic environment, less in premiums would be paid than originally planned,” he notes.
  • “Owners of this product must be aware of exactly how it works, because, unlike certain other types of life insurance, IULs have a fluctuating component to them.”

2020 0923 - Forbes - Sounding The Alarm On Indexed Universal Life Insurance - [link]

  • 2024 - Forbes - Best Life Insurance Companies of March 2024, by Amy Danise - [link]
    • We evaluated key metrics for term and permanent life insurance for 16 companies, using a database of more than 9,000 policies, and found that Pacific Life and Protective are the best life insurance companies, with five-star ratings for both.
    • Here are Forbes Advisor’s expert picks for the best life insurance of March 2024:
      • Pacific Life – Best for Variable Universal Life Insurance
      • Protective – Best for Indexed Universal Life Insurance
      • Corebridge Financial – Best for Recreational Marijuana Users
      • Penn Mutual – Best for Universal Life Insurance
      • Symetra – Best for Term Life Insurance
      • Transamerica – Great for Reliable Policy Illustrations
      • Lincoln Financial – Great for Estate Planning
      • MassMutual – Great for Financial Strength
      • Midland – Great for Seniors
      • Nationwide – Great for Young Adults
  • 1972 03-04-05-06 - Forbes - 1240p - ia600202.us.archive.org/32/items/forbes109janforb/forbes109janforb.pdf 
    • 1972 0315 - Forbes
      • 53 - Light in Dark Corners? What's really in that package? We mean that pension package. The actuaries don't tell. Maybe they should. 
      • 53 - THE ACTUARIES - How are they like the CPAs? Because their truths are often flexible.
    • 1972 0401 - VOLUME 109, NUMBER 7
      • 17 -  VARIABLE LIFE INSURANCE: Too much regulation might be better than too little.
      • 42 -THE MONEY MEN: Abe Beame modernizes New York City's pension fund.
    • 1972 0515
      • 33 - Modern Alchemists
        • Sir: As a Life insurance salesman, I have often been amused at the efforts of actuaries (Mar. 15) when they attempt to "explain" how they select the amounts of the increase in cash values in
          life insurance policies. Invariably, the increases are in odd amounts, and go up and down in the most mysterious ways.
        • Maybe they are the alchemists of our modern world of finance.
        • — JAMES C. Van Story, Jr., Washington D.C.
      • 52 - Have We Been Here Before? If you think today's reformers, young people, consumerists, environ- mentalists, radicals and hippies are giving business a hard time, you should have been around when the muckrakers were active. Funny thing: In the long run their reforms turned out to be good for business.
        • In 1904 it was the turn of the insurance business to be raked over the coals.
        • This time the man with the rake was Thomas Lawson, a Boston financier with flourishing moustache and flashing eyes. Beginning with "Frenzied Finance" in Everybody's Magazine, Lawson exposed the tie-in between life insurance of companies interlocking and the directorates "System"controlled by none other than the muckrakers' old friend Standard Oil. Readers who, not being investors, had regarded Lawson's Wall Street revelations with detachment were appalled at the suggestion that their trusted life insurance policies were not much more secure than the stock market. This and other charges sufficiently disturbed Governor Frank W. Higgins of New York that he appointed a commission to investigate. Headed by William W. Armstrong and with Charles Evans Hughes as chief counsel, the commission held 57 hearings between September and December 1905. When the results proved Lawson right, five high-ranking officers were formally indicted, and most of the others from Equitable, Mutual and New York Life insurance companies resigned.
      • 1972 0615 - Forbes - 
        • Ross Perot - sold - computer - IBM - Southwestern Life Insurance in Dallas.
        • 41 - The Money Men - 'Mutual Funds Haven't Peaked' -
          • 41 - Up to now, the fund industry, except through its now-castrated contractual plan, has had great trouble reaching the small saver. It mainly tapped savings already accumulated. 
          • 41 - "Unions particularly want to be able to say that your funds are managed by an old-line Boston management company," he says. "I suspect that this mass merchandising would take several forms and the employee would have a number of options including life insurance and pure savings."
            • And with that he expects federal regulation of life insurance on the same basis that the funds are regulated. 
          • 41 - And what about the fund industry's current abominable image? He blames much of it on the SEC for sidestepping its leadership role. He feels the SEC should have pushed to set definite standards for fund managers in most controversial areas, but did not. So rules are being de- cided after the fact by judges in
            court.   
  • 1972 - Forbes - 980p ia600609.us.archive.org/3/items/forbes110julforb/forbes110julforb.pdf
  • 1972 0701 - Forbes - Herb Denenberg's Shopping Guide - 48-49
    • Can you compare price tags on life insurance the way you
      do on a pound of meat or a new car? Many salesmen say
      no. Pennsylvania's Commissioner of Insurance says yes. 
    • 1972 0815 - Forbes - Reader's Say - p20
  • 2020 1007 - Insurance Advocate - Forbes Advisor Unveils First-Ever Best Life Insurance Companies Awards - [link]
    • Pacific Life was named top life insurance company of 2020, followed by Northwestern Mutual and Penn Mutual Life Insurance Co.
  • 1981 0105 -
    • 31 - Life insurance companies will be coming under increasing pressure. They are obliged to lend holders the cash value of their policies at 5%-to-8%, and they will be paying 20% to get funds to do it.
    • 127 - The revolution began in March when eye-popping interest ratess shook the industry to its foundations.
      • For a time, life insurance companies almost ran out of money.
      • This near-disaster occurred because such companies make commitments to lend in advance and, gambling that rates would soon peak, they became heavily committed in late 1979 and early 1980.
      • Interest rates skyrocketed, however, and the industry lost its bet.
      • Inviduals began borrowing billions on their policies at rates [x%] to 8% so they could capture high money market yields. 
    • 307 - 
  • 1981 0119 - 
  • 1981 0216 - 
    • 94 - Capital Holding and National Liberty - To the typical life insurance executive, who made the Million Dollar Round Table by selling whole life to upper-middle- class fathers, the union of these maverick marketers is hardly made in heaven. 
  • 1981 0330 - 
    • 72 - SOMETIME IN THE NOT TOO distant future, huge slugs of new capital from life insurance companies
      may be pouring into the stock and tax-exempt bond markets. How come? Blame it on a man named Walter Menge. 
  • 1988 - Forbes - V142 - ia802804.us.archive.org/3/items/forbes142novforb/forbes142novforb.pdf
  • 1988 1114 - Forbes -
    • (p) - Two below par
      • SIR: Your article "The mess at Equitable Life" (Sept. 19) is itself a mess. To take one company and assert that there is an industrywide absence of management and director accountability is far below the caliber of FORBES reporting. Baldwin-United's insolvency involved a stock company with the policyholder rescue effort led by Metropolitan, a mutual company. You also point to low capital-to-asset mutual ratios, and yet the following table mixes both stock and mutual companies without explanation.
        • Harry G. Bubb, Chief Executive Officer, Pacific Mutual Life Insurance Co., Newport Beach, Calif. 
    • (p267) - Xerox Financial Services - There's insurance protection for your auto, home and business from Crum and Forster. A new generation of life insurance and annuities from Xerox Financial Services Life.
    • (p364)- Bailouts made the depression in the Third World hyperinflationary, rather than deflationary. They will do the same here. AMERICA'S KREDITANSTALT, by Ashby Bladen, a financial consultant and author of How to Cope with the Developing Financial Crisis.
      • Thrifts, FSLIC
      • My last two columns warned you about the severe investment losses that will be reflected next spring in many life insurance companies' convention statements (misprinted "capital" statements in my last column).
      • Several life insurance agents have written to tell me about the State Guarantee Funds that exist to make whole the policyholders of insolvent life insurance companies.
        • Having been a life insurance company executive for many years, I know about them.
        • But I also know that they are Rube Goldberg contraptions.
          • They can handle the odd, small failure, but using them to handle the kind of trouble that is developing now will impose a huge burden on the owners of sound companies, which include the policyholders of mutual companies.
          • When push comes to shove, it will be politically imperative to bail out life insurance companies, as well as banks and thrifts, with federal credit.
          • At some point the inflationary implications of those bailouts will cause our foreign creditors to lose whatever confidence they still have in the dollar
    • (p) - To free up capital, commercial banks are taking all kinds of loans and selling them, as packaged securities. The practice makes sense, but the accounting is questionable. If it moves, package it?, By Laura Jereski
      • Prudential Bonds - Death backed bonds
    • (p668) - We can't afford another credit crunch or recession, so we will have to settle for inflation and a falling dollar. - REMEMBERING 1970, By Ashby Bladen
      • In 1971 I became the chief investment officer of the Guardian Life Insurance Co
  • 2020 0923 - Forbes - Sounding The Alarm On Indexed Universal Life Insurance - [link]
    • And more than 20% of all new premiums written in 2019 were IUL policies, LIMRA said.
    • There are now at least 52 insurers selling indexed universal life insurance, says Barry Flagg, president of Veralytic, a life insurance products rating service.
      • Pacific Life is the biggest and holds about 19% of the market.
    • But critics say indexed universal life insurance is being sold dishonestly. “
      • They are complex products sold with false promises and deceptive marketing,” says Birny Birnbaum, director of the nonprofit Center for Economic Justice. “Stay away from them.”
    • The American Council of Life Insurers (ACLI), which represents 280 companies in the insurance industry, admits that IUL is not for everyone.
      • “But indexed universal life would not be increasing in popularity if millions of long-term planners and families were not finding the cost of owning the product to be a good value,” says ACLI spokesperson Jack Dolan.
    • Indexed universal life insurance is in the same class with other permanent life insurance  policies, such as whole life insurance.
      • This means that it won’t expire—the way term life will—provided the premiums you’re paying in and policy account values are enough to keep the policy in force.
    • The ACLI’s Dolan says the size of the premium depends on the returns on the options in the policy.
      • “The fact is, in a different (and better) economic environment, less in premiums would be paid than originally planned,” he notes. “Owners of this product must be aware of exactly how it works, because, unlike certain other types of life insurance, IULs have a fluctuating component to them.”
    • Fees Can Drain the Policy