Term Insurance On Funds 

Term Insurance On Funds 

• 1998 0902 – Chicago Tribune – Preventing Loss with an Expensive Safety Net – [link]
  • All fund investors want to find a way to lock in their winnings and eliminate the potential for loss.
  • To make it happen, the fund industry would have you make a deal with the devil.
  • When you leave this mortal coil and he gets your soul, your heirs max out on your lifetime of winnings.
    • That’s the basis of new insurance products created by three companies for their mutual funds.
  • Essentially, these companies offer funds with a death benefit that safeguards your fund account against market downturns, a concept that intrigues investors and fund companies alike.
  • While only three fund groups offer this type of insurance today, it’s availability could be widespread within 12 months.
    • Prudential Investments unveiled its new PruTector product last week, following SunAmerica and American Skandia into the term-insurance-on-funds business.