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.
2018 1112 - Insurance Advocate - Why Are So Many Universal Life Insurance Policies Failing?: Neglect and Lack of Attention Deserve Most of the Blame, by Jordan Smith - [link]
Footnotes:
1 2018 0919 - WSJ - Universal Life Insurance, a 1980s Sensation, Has Backfired: A long decline in interest rates caused premiums to soar when they were supposed to stay level, by Leslie Scism - [link]
2 While there have been several instances in recent years where insurance carriers have increased policy charges in order to compensate for their own lower-than-expected investment returns, these increases have spawned a number of class action lawsuits that have largely been resolved or settled in favor of policyholders.
3 Policy illustrations also include an alternate set of “worst case” projections, but these are generally of no value because they’re based on the unreasonable assumption that (immediately after the policy is issued and continuing indefinitely thereafter) the crediting rate is reduced to the minimum rate allowed under the terms of the policy, and at the same time, policy charges are increased to the maximum level allowed under the terms of the policy. Given how infrequently policy charges are ever changed at all, it is understandable why few people take these worst case scenarios seriously.