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Article: Prediction: sales of VUL & VL will outstrip VAs. (variable universal life insurance, variable life insurance, variable annuities)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- April 18, 1994
- Author:
CopyrightCOPYRIGHT 1994 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Once stockbrockers and other nontraditional insurance agents learn of the financial power of variable universal life inusurance and its fixed-premium version, variable life, they will no doubt join with traditional agents to make VUL and VL the powerhouse financial of the remainder of the 20th century, outstripping even variable annuities.
In fact, we believe that by the end of the decade, people will wonder whatever happened to VAs.
There are several reasons for this: --Proceeds from VUL/VL are taxfree, not tax-deferred; --The VUL/VL death benefit far exceeds cash values; and --The VUL/VL can be used for financial planning purposes in instances where ...