Question: Suppose you took out a universal life insurance policy that
Suppose you took out a universal life insurance policy that charges a 20 percent sales commission on each dollar paid into the policy and pays a 10 percent annual return on the policy’s cash value. What is the actual percentage return at the end of one year on each premium dollar placed in the savings component?
Answer to relevant QuestionsHow does universal life differ from variable life? Which one entails greater risk? If a young family expects that its life insurance needs will increase in the near future, what policy options might they find desirable? 1. How much is the death protection provided by the whole life policy really costing David? 2. How might David figure out whether term protection would be cheaper? 3. What other factors might David take into consideration ...How are Social Security benefits reduced for part-time employment? Why is it unwise to place the majority of your retirement savings into your home?
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