THE “WHOLE LIFE” BOX WHOLE LIFE (WL) is the most “opaque” and complex life insurance product ever created. By design WL cannot be broken down into its different parts. This fact has long frustrated accountants and technical types who crave clarity, transparency and factual disclosures. The infancy of WL’s design dates back into the early 1900’s. Its design has evolved in many ways over the decades. The products sold forty and fifty years ago
Articles from January 2019
“HOW IT WORKS”: #2) WHOLE LIFE: POLICY DESIGN BASICS
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. INTRODUCTORY COMMENTS The WL
“HOW IT WORKS”: #3) WHOLE LIFE: DIVIDENDS
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest
HOW IT WORKS”: #4) WHOLE “LIFE: GUARANTEES
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Anyone who intends to read this write should first read the
“HOW IT WORKS”: #5) WHOLE LIFE: ECONOMIC REALITIES
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest
“HOW IT WORKS”: #6) WHOLE LIFE: REGULATORY REALITIES
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest reading the “WL Design Basics”, WL Guarantees” “WL Dividends” and WL Surrender Charges” write up’s before reading
“HOW IT WORKS”: #7) WHOLE LIFE: SURRENDER CHARGES
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest
“HOW IT WORKS”: #8) WHOLE LIFE: PUBLIC versus MUTUAL OWNERSHIP
Whole Life (WL) is the most complex product ever developed by the life insurance industry. Anyone who intends to read this write should first read the “How it Works – Whole Life Box” write up. It provides a design framework that sets the stage for a more detailed discussion of WL’s various moving parts. I would also suggest reading the “WL Design Basics”, WL Guarantees” “WL Dividends” and WL Surrender Charges” write up’s before reading
“HOW IT WORKS”: #9) WHOLE LIFE: PAID UP ADDITIONS AND TERM RIDERS – THEIR USE AND IMPACT ON WL VALUES
Whole Life (WL) is the most complex product ever developed by the life insurance industry. I would urge anyone who intends to read this write up to first read the “How it Works – Whole Life Box” write up first. STANDARD INTRODUCTORY COMMENTS Whole Life (WL) is the most complex product ever developed by the life insurance industry. Complex in the sense it cannot be broken down into its parts. It is a bundled product.
“HOW IT WORKS”; #10) WHOLE LIFE: CAN WHOLE LIFE BE UNDERSTOOD AND COMPARED
I would urge anyone who intends to read this write up to first read all of the rest of the Whole Life “How it Works” write-ups with the exception of the “infinite banking” write-up which pertains to a unique and ill-conceived WL sales approach. This is one of two final write-up in that series discussing obstacles pertaining to attempts to compare WL products. STANDARD INTRODUCTORY COMMENTS Whole Life (WL) is the most complex product ever
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