Worst life insurance EVER!!!

[travelover]

Quote:

Originally Posted by athena53 Ah, good old AD&D (Accidental Death and Dismemberment). Loved the gory schedule (Loss of one eye, $X, Loss of finger, $Y....)...........

DW teaches elementary school and I was amazed that they still peddle this stuff to kids. Must be a nice kickback to the school.

[Texas Proud]

Quote:

Originally Posted by jIMOh I just heard back from an insurance agent, and she confirmed what I posted was in fact law- the insurance company has to pay out a percentage higher than the cash value for this to be considered insurance. Check state statutes or ask your insurance agent to see how to determine more facts.

I think you might be confusing one thing with another....

Yes, a life insurance policy has to pay out higher than 'cash value' or it is not life insurance... this is not what was said earlier...

What was said earlier is that they have to pay out more than the premiums paid in... since premiums paid in does not equal cash value... well...

The policy IS higher than the cash value... it is just that the cash value is low... and much lower than premiums paid...