No-Load Life Insurance

See: Life Insurance. See: No-Load Fund. See: No Transaction Fee Mutual Fund. See: No Load Annuity.

Key thought: there’s always a cost to transact. No such thing as a free lunch. So yes, there may not be a load when you buy a life insurance policy (i.e. a commission to the broker in a nice suit who sold it to you). But there will be charges.

Maybe in this case they come out of the annual management fee or the payout amount or the actuarial details of the policy for when you, um...you know.

There’s always a fee. And lunch is never free. That was from Shakespeare’s Sonnet 37, we believe.