Sentences with phrase «vanishing premiums»
The term «vanishing premiums» is applied to certain types of whole life insurance policy.
https://usinsuranceagents.com/
Insurance agents needed a way to make premium payments seem more practical and attractive, which is why they came up with the idea of vanishing premiums.
What are Vanishing Premiums?
John was a member of a national team of plaintiffs» attorneys in the Ireton v. American Family vanishing premiums class action in Wisconsin involving approximately 500,000 class members.
Consumers then launched various «vanishing premium» lawsuits agains insurance companies and were succesful with these suits.
John was also co-trial counsel in the Michigan Schools Asbestos Class Action Litigation andwas a part of the litigation team of class action counsel in Ireton, et al. v. American Family Insurance Co., a nationwide insurance «vanishing premium» class action case.
Successfully defended life insurance company in class action regarding vanishing premium policies; defeated class certification; affirmed by the Supreme Judicial Court of Massachusetts.
Although vanishing premium policies are no longer allowed, universal policies used to be sold with the belief that eventually the premiums would be self sustaining.
That's a concept known as «vanishing premium» and the use of that phrase has been outlawed in almost every state for about 15 years or so.
You could hold a possible vanishing premium whole life policy.
The vanishing premium ordinary life insurance policy is reborn.
The concept, vanishing premium whole life insurance, used to be quite popular from the salesman's point of view.
The vanishing premium whole life insurance policy is a great idea, in theory, but projecting it as such is at the least unethical and, as it has been proven, illegal.
The three main uses are: it can be used to lower or vanish premiums, it can be used to purchase more insurance or it can be used to pay for term insurance.
A vanishing premium option is a feature of participating permanent life insurance policies that allows the policyholder to apply the investment returns earned by the cash value of the policy to the premium fee.
Not some magic vanishing premium whole life thing.
To make a very long story short (er), the concept of «vanishing premium» was determined to essentially be fraudulent.
The problem with a vanishing premium is that it is a rare occurrence.
Policyowners may also use the «vanishing premium option» described in the «Frequently Asked Questions» section below.
Not exact matches
The March 29th post on Bruce McEwen's BLOG — Adam Smith, Esq. — is called «The Vanishing Middle» — and is based on a McKinsey analysis that «both premium and no - frills products grow at the expense of middle - of - the - road offerings».
If Minister Ritz wanted to improve transportation and farmers» grain prices, he would consult with Allen Oberg and other former directors of the farmer - elected CWB board, who not only made grain move well, but also managed to sell several classes of wheat for premiums that have since vanished.
Vanishing Deductible This feature is something that is becoming commonly offered as part of premium auto insurance policies.
Once your life insurance premiums are self - funded, your premiums vanish until such time as the mutual funds drop below the current value or you borrow against the cash value of the policy to the point where the dividends are no longer sufficient to make the premium payments.
Turn the handset over, however, and the premium feel vanishes.