5
Variations of Whole
Life Insurance
Edward E. Graves
Chapter Outline
- ENDOWMENT POLICIES
- ADJUSTABLE LIFE INSURANCE
- VARIABLE LIFE INSURANCE
- SEC Objections to Variable Life
- Investment Choices
- Linkage of Death Benefits with Investment Performance
- Increased Number of Investment Fund Options
- Policy Cash Values
- The Prospectus
- Risks the Policyowner Assumes
- VARIABLE ADJUSTABLE LIFE INSURANCE
- UNIVERSAL LIFE INSURANCE
- Flexible Premiums
- Prefunding
- Withdrawal Feature
- Target Premium Amount
- Death Benefit Type
- Effect of Policy Loans
- Internal Funds Flow
- Flexibility to Last a Lifetime
- CURRENT ASSUMPTION WHOLE LIFE
- Cash Value Illustrations
- Low Premium/High Premium Designs
- Redetermination
- Uses of Current Assumption Whole Life
- VARIABLE UNIVERSAL LIFE
- Ultimate Flexibility
- Income Tax Burdens for Early Depletion
- METHODS OF COMPARING LIFE INSURANCE POLICY COSTS
- Net Cost Method
- Interest-adjusted Indexes
- Cash Accumulation Method of Comparison
- Equal Outlay Method
- Comparisons That Isolate Interest Rates
- TABLES 1�17
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