Even so, any examination of the comparative cash values shows that there is plenty of room for professional fees. Mr. Maurer, who is blessed with more humor than most former actuaries, maintains that commissioned agents can make more money with fee for service, not less. Although the fees cited as examples were lower than typical insurance sales commissions, they were higher than any combination of hours and hourly rates this writer could imagine. Not for you and me. What is important is that we can now buy a variety of life insurance products, with or without assistance, from a growing cadre of insurance companies that have broken ranks with the expensive marketing practices of the traditional industry.
Most people are underinsured.
Here are some sources. It has a major article on life insurance, term and cash value.