| Any of various types of cash value policies where premiums are overpaid in early years so that cash quickly accumulates and income thereon will be sufficient to pay premiums |
Fixed for traditional policies or "target" for variable policies |
Depends on type of policy employed, but cash value builds up quicker than "non-vanish" policies |
If policy performance is (and continues to be) as illustrated, owner will not have to pay premiums beyond the date illustrated |
If policy investment performance is poor, premiums may never "vanish," or may reappear after vanishing; If premiums are not then paid, policy could lapse |
For buyers who want the out-of-pocket payment of premiums not to extend beyond a given date; Limited pay policies may be better choice if buyer counts on premiums to "vanish" |
