He believes that the nonforfeiture provisions operated to convert the policy to term insurance when he ceased making payments unless he took affirmative steps to reinstate the original policy.
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Whatever the merits of the stability pact as a long-term policy tool, its short-term impact is now perverse.
Elsewhere in his speech, he said the "toughest challenge in politics is resolving the tension between the best long-term policy and the best short-term politics".
Depending on your age and health status, the premiums for a permanent policy can be five, ten or even twenty times that of a term policy with an identical death benefit.
For example, if you just need the policy to pay off the mortgage and you have 15 years left on the loan, a 15-year term policy should be enough.
It was his policy and has been since the beginning of his term the policy of this administration.
Advocates oftentimes admit that bailouts are not good policy, but they invariably argue that short-term considerations should trump long-term sensible policy.
Wohlner, like many advisors, recommends buying insurance as insurance--meaning a term policy--rather than as an investment.
As a result, says the report, the government faces an "indigestible menu of short-term policy choices".
"Politicians are more than capable of separating the furore about Big Brother from long-term policy decisions, " he said.
That's why we called for the commission, because we've got to look at some tough, long-term policy objectives.
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After it expires it is far to expensive to get another term policy if you are even insurable.
The debate over a long term policy for deficit reduction shapes the course of GDP for years to come.
The government's response is a mix of short-term protectionist measures combined with modest steps towards more constructive longer-term policy changes.
They say that more clarity is needed over the government's long-term policy, particularly how it will achieve stringent C02 reduction targets.
The government is still working through its long-term policy on the issue.
Perez looks set to repeat his "Los Galacticos" recruitment policy of last term, based on attracting the world's biggest and most marketable stars.
The market has given European leaders numerous chances to come up with some short and long term policy mix to keep the eurozone in tact.
Once you know how much you need, consider purchasing a low-cost term policy from a high-rated insurer for the maximum length of time you might need the coverage.
The authors say a long-term policy on incentives is essential.
And we will keep on being a victim to shifts in the oil market until we finally get serious about a long-term policy for a secure, affordable energy future.
It could facilitate investments in electric grid improvements that enable long-distance transmission of renewable energy, as well as provide consistent long-term policy on grid upgrades and electric vehicle charging that makes utility investments predictably worthwhile.
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Mr Tilbrook claimed that it was not certain that the English Democrats would have selected Mr Davies to stand again as he had not followed party policy during his term of office in promoting its main aim to create an English Parliament.
Agreements fully enacted in 1997 and 2006 stopped the state using it as an ATM, and as interest rates were liberalised and the bond market developed, the RBI began to look more like a normal central bank, setting short-term policy rates to try to balance inflation and growth.
We must reorient the savings policy discussion to include the needs of shorter-term savers and consider policy that would make savings automatic and universal at birth.
With long-term rates rising, despite a monetary policy which is keeping short-term rates at historic lows, the Federal Reserve, America's central bank, might find it hard to persuade home owners to do more of what it wants them to do (go shopping) were the economy to stumble.
What was once an embarrassing slip is likely to become policy in the second term.
I'm still counting, Evan, on the notion that good policy over the long term is good politics.
WHITEHOUSE: President Obama Takes Questions from Senate Democrats
So he cannot, as many previous chancellors have done, sacrifice sound monetary policy for short-term political gain.
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