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actually have to pay. And what you must pay could dramatically increase over time. How could this happen? Because life insurance quotes for cash value policies can be based on not only guaranteed projections in policy illustrations but also very optimistic non-guaranteed projections. As it turns out, many quotes for all forms of universal life and whole life insurance are based on the non-guaranteed portions of policy illustrations, says Barry Flagg, founder of independent life insurance research company Veralytic. (This does not apply to term life insurance, which has no cash value.) Essentially, it’s a bait and switch: You think your life insurance quotes reflect what you’ll pay as long as you own the policy, but years later you could be hit with a need for unexpected, extra premiums. ....
SPAC proponents see them as a form of venture capital that may let investors get a piece of high-growth start-ups at an early stage. There s also some loss protection, depending on when investors buy in. But SPACs are also known as blank check funds because investors give money to a manager without knowing what company they may ultimately acquire. Managers may identify specific industry or business targets in initial filings but aren t obligated to pursue them, essentially giving them carte blanche. In some cases, investors may by buying a manager s star power. Among the heavily shorted SPACs are ones backed by high-profile investors like venture capitalist Chamath Palihapitiya, according to The Wall Street Journal. ....
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LIBRA Insurance Partners Protects Policyholders and Producers in Voya/Resolution Life Transaction in Colorado LIBRA s Contribution to the Regulatory Process Resulted in the Addition of Key Mandates Required for the Transaction to Close News provided by Share this article Share this article LINTHICUM HEIGHTS, Md., Jan. 27, 2021 /PRNewswire/ LIBRA Insurance Partners, one of the nation s largest insurance marketing organizations, successfully petitioned the Colorado Department of Insurance to add restrictions and mandates to the Voya/Resolution Life transaction prior to approving the close of the transaction. These conditions were proposed in order to protect the rights of the policyholders of Voya products whose insurance policies would be included in the transaction, as well as the insurance agents who represented the Voya policies to their clients. ....