Life Insurance has changed quite a bit in my lifetime
1958
Insurance policy
in 1958
2021
Insurance policy
in 2021
What is the difference between older and newer policies?
Then
Not likely
The dollar amount to cover proposed changes to the Capital Gains tax
Now
Can be
No
Monthly payments paid directly to you for long-term care
Yes
No
Waiver of premium when disabled
Yes
No
Up to 8% earnings on policy reserves
Yes
No
Exact Age vs. Average Age Pricing
Yes