Are You Being Ripped Off?

摘要

Example 4: You have an old policy and are no longer paying premiums out-of-pocket. If you have a so called "paid-up-policy," you are getting ripped off. Here's a classic example: Alfred (71) had a policy with a death benefit of $4.2 million, with a CSV of $1.7 million. He no longer paid premiums because the annual earnings on the CSV was large enough to pay the premiums when due.