That's some increase!
(media.greatawakening.win)
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I checked the stock price of the larger life insurance companies. That industry sector is doing really well. And PRU 's P/E makes it insanely cheap.
If this is happening, why isn't the smart money moving away?
What people do not realize is that about 90 percent of life insurance policies lapse. Most people pay into a term or whole life policy for years, sometimes hundreds of thousands of dollars, and then allow those same policies to lapse - and the insurance company never pays out a penny. If the insured passes away, then the company pays a death benefit, but this is a fairly rare occurrence due to the high lapse rates. Some sources suggest that less than two percent of term policies ever result in a death claim.
DR DAVID MARTIN – THE ILLUSION OF KNOWLEDGE