Surrender of the policy within the first five to 10 years may result in considerable loss because surrender values reflect the insurance company's recovery of sales commissions and initial policy expenses. (thinkadvisor.com)
That means ETF administrators don't have to pay as much to market their funds, and they don't have to pay sales commissions to advisers. (moneysense.ca)
Not a bad deal: he could easily have spent much more in sales commissions and expenses. (inc.com)