The policies may seem similar on the surface until you learn how much each one guarantees. The only way to truly compare policies is to calculate each of these amounts and see how they affect the policy's cost. Here's a touchy subject. While the majority of life insurance agents are honest and ethical, you should still know how insurance companies motivate sales reps with high commissions, Caribbean cruises and other juicy incentives. There's nothing wrong with any of this, of course, but customers are better off realizing just how much is at stake for a salesperson who picthes a certain life insurance policy.
Many companies offer the same cash-value life insurance with different commision.
That means an unscrupulous agent may sell you on the highest-commision version of the product rather than trying to save you money.