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Chart 24 |
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back to presention |
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Finally,
let’s talk about us. A fine return to
shareholders can be had if you take 8% of every premium dollar |
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to
the bottom line. Again, by trial and
error, you’ve got to bring the annual premium up to $10.53 to do this |
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and
still stay in balance with the fund all the way. It’s not just 8% of the $9.05 because pushing the prmium |
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up
also pushes up those acquisition costs and the cash values to the
customers. (That cash value concept |
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keeps
taking money away from the beneficiaries of the ones who die! … but,
remember, if no one ever sold |
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them
the policy then the beneficiaries would have got nothing!) Notice our handsome profits are in fact |
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almost
a rounding error in the whole history of the funds we are managing. |
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Annual premium with 120% acq costs & 8% profit $10.53 |
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back to presention |
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