The court's decision shows that simply including restrictive language in a variable life insurance policy
contract that prohibits all communications between a policyowner and investment manager regarding the selection of specific investments within the underlying account is not sufficient to prevent the policyowner from being treated as the owner of the underlying assets if he or she fails -- directly or indirectly -- to adhere to these restrictions.
The three trusts are the owners and sole beneficiaries of a $20 million individual variable life insurance policy
on Scooter Stuart.
Carolyn McGowen purchased a variable life insurance policy
on her life for a single premium of $500,000 in 1986.
A Variable Life Insurance Policy
Performance section would set rules for communications presenting variable life policy performance data and illustrations of how the policy might perform in the future.
Obligations under NASD Rules for Firms and Associated Persons When Recommending or Facilitating the Sale of an Existing Variable Life Insurance Policy
to Third Parties
Raiford priced a $1 million variable life insurance policy
for a healthy 40-year-old man in New York.
This tool uses Monte Carlo simulations and evaluates the probability that a variable life insurance policy
will mature according to expectations or disappear before the client's eyes.
We have two favorites: a variable life insurance policy
inside a voluntary employee beneficiary association (VEBA) and a 401(h) plan.
Miscolta pointed out that a variable life insurance policy
is primarily purchased to provide death benefit protection and owning a policy requires decisions about diversifying net premiums and accumulated value among the product's variable and fixed investment options.
For example, in reminding regulated persons of their duties regarding suitability, the Notice states, "[the sale of an existing, in-force] variable life insurance policy
is not necessarily suitable for a customer simply because the settlement price offered exceeds the policy's surrender value.
A variable life insurance policy
has wealth accumulation and protection features.
Pacific Select Estate Preserver VI,1 a new survivor variable life insurance policy
from Pacific Life Insurance Company, has features to help policyowners weather market volatility while the death benefit proceeds can provide needed liquidity to address the challenges of estate planning.