“Another big blow for life companies Personal Finance has been saying it for years: unacceptable costs and risks have eaten away the benefits to you of buying a life assurance investment product.
Now the value of these policies is being questioned by the designers of these products.
October 14, 2006 Life assurance investment products have received a big thumbs down from within the ranks of the people who devised the one-sided products. The thumbs down comes from Vernon Boulle, an independent consulting actuary, and the former managing director of Old Mutual subsidiaries BoE Life International and BoE International Portfolio Services Limited. (….)”