answersLogoWhite

0

What are vanishing premiums?

User Avatar

Wiki User

2004-01-20 21:33:10

Best Answer

Before it was made illegal, some insurance agents used a sales pitch for universal life insurance that suggested the premiums could vanish. The pitch went like this: You start out by putting a large, lump sum into the universal life policy. The policy has the potential for making money

User Avatar

Wiki User

2004-01-20 21:33:10
This answer is:
User Avatar
Study guides

Nutrition

21 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

➡️
See all cards
3.23
511 Reviews

Add your answer:

Earn +20 pts
Q: What are vanishing premiums?
Write your answer...
Submit
Still have questions?
magnify glass
imp
People also asked