Q: Are Life Insurance Policies Being Sold For a Death Benefit or an Investment Vehicle?

  • Current
    • Be Your Own Bank
    • LIRP – Life Insurance Retirement Plan
    • Curtis Ray
    • Dout Andrew
    • Tom Hegna
    • etc
  •  MetLife
    • 1990s – Nurses 50 /50
    •  FSOC
  • I didn’t buy a Life Insurance Policy – Horton
  • College Funding
  • Looks like an Annuity
    • SOA
    • 1994 0213 – The Washington Post – Beware of Life Insurance Firms Selling Policies as Annuities, By Jane Bryant Quinn – [link]
  • 2010’s – Walker vs. LSW – 
  • 2025 – LC – Kyle Busch vs. Pacific Life Insurance Company  —  [BonkNote]
  • (p232) – Q:  And why did you decide at that time that you were ready to apply for the policy?
  • A: Because I was satisfied that this would meet my retirement needs, receiving $93,000 a year for tax-free retirement, turning that money that I had targeted for my nest egg into this $93,000-a-year income.
    • It sounded like a good product for me.

2014 0416 – DOC 809 – Trial Transcript – Walker v LSW – 236p

  • While we recognize that there are meaningful differences within life insurance products and within annuity products, we also observe as a general matter that policies that provide coverage against death are likely to be viewed by the policyholder as serving primarily a protection purpose rather than primarily a savings purposes. 

— 239. Northwestern Mutual 

2021 06 – IAIS – Liquidity Metrics Phase 1 – Resolution of Comments_(PUBLIC) – 106p

  • Ed FEIGHAN (D-OH):  Well, if insurance is viewed as an investment by the majority of Americans, that’s the result of its portrayal over several decades by the industry.
  • Robert HUNSTAD (ACLI):  I can’t respond to that.  (p301)

1984 0411, 0503, 0510, 0628, 0913 – GOV (House) – Competition in the Insurance Industry – [PDF-759p-GooglePlay]

⇒  Robert Hunstand, senior vice president and actuary, Minnesota Mutual Life Insurance Co., on behalf of the American Council of Life Insurance, ACLI