However, some participating whole life policies offer riders which specify that any dividends paid on the policy be used to purchase " paid up additions " to the policy which increase both the cash value and the death benefit over time.
32.
He said regulators wanted to require that illustrations be based on the companies'actual experience and include an example of what would happen if the company reduced the so-called dividend payments on whole life policies, which accumulate value as premiums are paid.
33.
Temporary policies rose by 47.3 per cent in 1997 ( 1996 : 13.1 per cent ), followed by endowment policies at 35.1 per cent ( 1996 :-9.6 per cent ) and whole life policies at 24.4 per cent ( 1996 :-19.2 per cent ).
34.
For some of Prudential's sales agents _ a group of about 14, 000, down from 19, 000 two years ago _ reports of the reorganization were of less immediate importance than rumors circulating within the company that it might raise the investment returns it pays on whole life policies.
35.
In terms of breakdown ofsums insured, whole life policies had a share of 35.6 per cent ( 1996 : 37.2 per cent ), followed by temporary insurance at 29.2 per cent ( 1996 : 38.6 per cent ), with endowment at 10.2 per cent ( 1996 : 11 per cent ).
36.
:: I suspect the above comment was " tongue-in-cheek " but could be misleading to the OP . The fact is that Whole Life Policies only pay out on death-there is no investment value attaching to them-and clearly, they cannot pay out to the insured life ( who will be dead ).
37.
Cash values are also liquid enough to be used for investment capital, but only if the owner is financially healthy enough to continue making premium payments ( Single premium whole life policies avoid the risk of the insured failing to make premium payments and are liquid enough to be used as collateral.
38.
The combination over the years of no endowment age, continually increasing death benefit, and if a high rate-of-return is earned in the separate accounts of a VUL policy, this could result in higher value to the owner or beneficiary than that of a whole life policy with the same amounts of money paid in as premiums.
39.
Temporary policies rose by 47 . 3 per cent in 1997 ( 1996 : 13 . 1 per cent ), followed by endowment policies at 35 . 1 per cent ( 1996 :-9 . 6 per cent ) and whole life policies at 24 . 4 per cent ( 1996 :-19 . 2 per cent ).
40.
In terms of breakdown ofsums insured, whole life policies had a share of 35 . 6 per cent ( 1996 : 37 . 2 per cent ), followed by temporary insurance at 29 . 2 per cent ( 1996 : 38 . 6 per cent ), with endowment at 10 . 2 per cent ( 1996 : 11 per cent ).
