The article was published in the July-August 1998 issue of CCH Retirement Planning . Life insurance is not a product.
Life insurance is finance.
In life insurance financing, the buyer is the lender and the insurance company is the borrower. A life insurance policy is analogous to a home mortgage. Policy A has a lower guaranteed premium and pays lower dividends. Both companies have high financial strength ratings, so that factor can be ignored here. Policy A has a lower guaranteed premium.