Using Whole Life (Permanent) Insurance to Supplement Retirement

[Robert Barney]

Page 5 - the definition of Net Amount At Risk is given.

Bottom of Page 6 shows that net proceeds are subject to policy withdrawals and loans.

"Proceeds paid are subject to the conditions and adjustments defined in other policy provisions, such as General Provisions, withdrawals, Policy Loans, and Timing of Payments."

Did you post a specimen policy somewhere?

I looked and couldn't find it.

 

[DHK]

You must be using a phone app that wasn't showing you the link that Tahoe Ray posted.

If you have a real computer, you can look up the thread and see the link.

 

[Tahoe Ray]

Did you post a specimen policy somewhere?

I looked and couldn't find it.

Do you have me on ignore? I guess so...

 

[DHK]

Here, I uploaded the PDF as an attachment.

See pages 5 & the bottom of page 6.

 

[DHK]

Do you have me on ignore? I guess so...

That could make sense too.

 

[Robert Barney]

Here, I uploaded the PDF as an attachment.

See pages 5 & the bottom of page 6.

Thank you.

Is this a UL product, or whole life?

 

[DHK]

That one is a UL.

 

[pfg1]

Literally the first result on google:

https://www.google.com/url?sa=t&rct...By7P_cnfrO42db8hg&sig2=Wgh7lEVPR09gnez0qxc5gA

Page 5

Here you go Ray

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Please check my link earlier in this thread. It is a Pac Life specimen policy. First result on Google...no digging necessary.

I unblock you...

 

[Golfnut2112]

The net amount of risk in a UL policy is the difference between the death benefit and the accumulated value. The number is then charged so much per thousand and then deducted from the policy. It has nothing to do with the death benefit someone will receive, that is listed on the policy schedule page. The only way to receive the cash value as part of the death benefit is to choose option B.

 

[jboussea]

this is hilarious