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What are the acquisition costs involved in the purchase of a policy?

April 26, 2017acquisition costs involved policy purchase

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What are the acquisition costs involved in the purchase of a policy?

1 Answer

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10 Posted

The acquisition cost includes payment to the Insured, Broker fees, underwriting costs for all records, fees to the physician providing the life expectancy, Commissions, and Future Premiums placed in escrow for the life expectancy of the insured.