It is important to know how to protect yourself when making a big decision of purchasing life
insurance. Life insurance in Houston agents uses charts or illustrations as sales tools to
show how a policies cash value might grow. Verify that the illustration shows the
guaranteed values based on the guaranteed interest rate the company promises to pay.
Don’t buy a insurance in Houston policy based on projected future or current values. These
are only estimates and may be higher than what you will actually receive. Understand the
pattern of insurance in Houston policy values, surrender charges, and other expenses. Ask
your agent for this information if the illustration doesn’t show it. Obtain copies of all the
illustration pages, including those showing the guaranteed values.
Some insurance in Houston policies include a column showing the paid-up additions
increasing the death benefit over time. Remember, this additional insurance is not
guaranteed Paid-up additions are additional insurance purchased with interest or dividends
paid on your policy..
Be sure the insurance in Houston agent illustrates the guaranteed values based on the
guaranteed assumptions acknowledged in the policy. Projected values based on current
assumptions are not assured, and should never be considered or relied upon as a promise
of future policy performance. Since a universal life insurance in Houston policy is "interest-
sensitive," it is likely to pay more in times of high interest rates and less in times of low
interest rates. Be sure that in case of high interest rate times, you are financially prepared to
make higher payments.
