Paid Up Whole Life

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PostPosted: Thu Jul 14, 2011 6:30 am   Post subject:   

It depends on the policy agreement how long you have to pay premium and it may vary with the company.


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PostPosted: Mon Jul 18, 2011 11:28 pm   Post subject:   

There's something else that may have been going on here.

Remember, paying for premiums doesn't only regard. This can also be done with surrendered paid up additions. A 14 year off set would be right in line with a lot of insurance companies modern day projections. In 1992, dividends were higher than they are now given the interest rates. They dipped a bit immediately after for a while for most companies. A true dividend off set would, again, be right around 20 years given most current projections at a lot of insurance companies.

So, maybe just maybe this was originally an offset created by PUA surrender. In '92, it's hard for me to believe a policy like this would have reasonable had a true dividend offset in 14 years. Plus, the industry had already gotten over the vanishing premium thing by then.

Unless this is UL and we were talking endowment projections, which would be a completely different beast, though I could see how that was colossally wrong.

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