A suitable purchaser of a variable life insurance
or annuity product must be someone who understands its risks, fees, limitations and guarantees as described in the product and underlying fund prospectuses.
The proposal "would require communications that present variable life insurance
policy performance to urge investors to obtain a personalized hypothetical illustration," FINRA officials write in the variable products regulatory notice.
Products: Historically, Merrill Lynch had focused on manufacturing and selling interest-sensitive and variable life insurance
and annuities; however, its primary emphasis will be the sale of variable annuities.
This easy-to-use guide explains lifecycle portfolios and gives side-by-side comparisons of the 11 lifecycle portfolios available through their variable life insurance
Coupled with the inherent tax advantages associated with both traditional and variable life insurance
, CPAs can use these new retirement planning opportunities to maximum advantage in advising clients.
The addition of Nationwide Provident also gives Nationwide Financial a stronger position in the variable life insurance
segment, which is a key growth area for the company, Haviland said.
For some clients, the hardest decision with a variable life insurance
policy is picking which investment options to be in.
Variable life insurance
can provide tax-free, not merely tax-deferred, investment income.
Upon close of the transaction, Nationwide would become the nation's third-largest provider of variable life insurance
, the companies said.
Best has also affirmed the FSR of A (Excellent) and the ICR of "a" of Ameritas Variable Life Insurance
Company (AVLIC) (Lincoln, NE), a wholly owned subsidiary of Ameritas Life.
New York, has introduced a rider to its whole life insurance product line that adds variable life insurance
to a base whole life policy.
These policies, which include whole life, universal life" and variable life insurance
, cost thousands of dollars a year compared to term insurance, which costs hundreds.