This kind of policy is more expensive than an Actual Cash Value policy, where the policyholder will not be compensated for the depreciation of an item that was destroyed.
22.
Insurance experts say any cash value policy would be a poor choice for soldiers trying to maximize the amount their families would receive in the event of their deaths.
23.
In addition to his accusations of misleading sales of insurance as retirement vehicles, Parry, in his lawsuits, says that Prudential misled consumers when selling cash-value policies with so-called vanishing premiums.
24.
Agents are also finding that more clients are opting for term insurance rather than the more lucrative cash-value policies, relying instead on mutual funds and other financial products to build wealth.
25.
People unsure of whether a term policy, which provides only a death benefit, or a cash value policy, which includes certain investment benefits, works best for them should do some homework first.
26.
Canceling or trading in a traditional cash-value policy in the first couple of years means throwing that money away because much of those early premiums are used to pay the agent's commission.
27.
For example : when a television is covered by a replacement cost value policy, the cost of a similar television which can be purchased today determines the compensation amount for that item.
28.
In 2008, Mikael Rothstein, author and professor of religious history at the University of Copenhagen, was highly critical of DR when it issued a Christian values policy, declaring that Muslims would feel excluded.
29.
They defend the treatment as justified because whole life insurance helps promote long-term savings and the death benefits provided under both term and cash-value policies help keep families off the public dole if a breadwinner dies.
30.
The biggest complaint in Parry's lawsuits against Prudential is that many of its agents " churned " insurance policies solely to generate new commissions by persuading customers to unnecessarily replace existing cash-value policies with new ones.
