Life insurance Cash Value question

[Robert Barney]

Cash Surrender Value is the term that should be used with non-UL, traditional permanent policies.

Cash Value vs. Surrender Value: What's the Difference?

 

[DHK]

Terminology also confuses people. The best way to teach is to keep things very simple so they can understand. Much like when you go to the Doctors and they tell you have some (insert fancy medical term) and everyone and I mean everyone ask what does that mean? And they say something like you have a cold. Then you ask why didn't you just say that?

But your terminology is LYING - or rather masks the truth because of the terminology you're using. AND it insinuates that the client doesn't get the benefit of the cash values during life OR at death.

You said "the insurance company washes out the cash values and only pays the face amount". The insurance company NEVER pays "the face amount". They pay the net death benefit.

Just incorporate the concept of net amount at risk and you and your clients would better understand it.
What Is Net Amount at Risk?

We're not talking about turbo encabulators here.

 

[Moving4ward]

Going to get all policy details in writing.

 

[SParker]

@DHK how can I get in touch with you? Would like to send you a private message.

 

[DHK]

@DHK how can I get in touch with you? Would like to send you a private message.

@SParker - PM sent.