15/30 Interest Sensitive Whole Life

T1-L2-P15

Interest Sensitive Whole Life

One of the earliest and successful responses to the new market demands is a contract commonly known as "Current Assumption" Whole Life.

This policy was designed to meet the demands of the 80s customer for products that responded to the current economic conditions.

A prediction is made at the policy issue regarding the factors of mortality, loading, and interest earnings.

As reality arrives at stated specific intervals of the policy's life, the owner may choose to accept adjustments to either the face or the premium payments to meet his/her needs of the moment. The product requires continuous premium payments, which overcomes one of the hazards of Universal Life to be discussed later.

Some contracts offer what is called the "High Premium Version" which can lead to an earlier "Paid-up" for life policy.