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@ifitry and one of those could be the policy they bought after joining. And your estimate is before cancellations.

@mikeyrobbie You think a company taking advantage of their own people is totally loyal to their customers?

@wisprof So that would be $225 yearly premium, and most Primericans are at a 25% commission level, so that would be $57 total commission, or about 2 months payment for POL. And you mentioned something about financial freedom? lol

@wisprof All that but you can't read an annual report or two?

@wisprof Then speak for yourself rather than generalizing for all while focusing on the top 0.06%.

@wisprof The increases of longer period term policies are built into the premiums, so you're paying more in premiums during the early years to cover the added risk during the latter years.

@wisprof Term doesn't pay not because of a loophole, term doesn't pay out because it becomes prohibitively expensive during the years you are most likely to die, so they cancel or can't afford to renew. They are then left with no insurance coverage at time of death. Term is like tire insurance...

@wisprof But ironically, Term insurance is exponentially more profitable to the corporation, as fewer than 2% of term policies ever have to pay out.