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December 2, 2008

Are Vanishing Premiums?

State:

Angie moved to Ogden, Utah. She always asks challenging questions about life insurance. “What are vanishing premiums?”
Answer to Readers Question: As I understand it, vanishing premiums are not legal to sell, mainly because they are not really vanishing.
The type of policy that was commonly utilized was a Traditional Whole Life policy. These [...]