Insurance

For the life insurance business, 2002 was a perplexing year, particularly regarding executive benefits and the advanced uses of life insurance in estate planning. The shock of Sept. 11, the economic downturn and the plummeting interest rates caused significant damage to insurance carriers, agents and clients. Fixed insurance interest and dividend crediting rates fell under whole life and universal

Amy Holmwood | Jan 01, 2003

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For the life insurance business, 2002 was a perplexing year, particularly regarding executive benefits and the advanced uses of life insurance in estate planning. The shock of Sept. 11, the economic downturn and the plummeting interest rates caused significant damage to insurance carriers, agents and clients. Fixed insurance interest and dividend crediting rates fell under whole life and universal life, while the variable universal life values fell precipitously. This phenomenon has played

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