The account value dramatically overstates a policy's intrinsic value but these new regs severely limit factoring in the interplay of surrendercharges, and this is why they often overstate a policy's market value.
If the contract owner is unhappy with the current rate, he typically is faced with stiff surrendercharges which deter him from withdrawing funds from the contract or switching to another insurance company offering higher rates.
"Those responsible for the greatest strategic blunder in the recent history of American foreign policy have ignored useful debate in favor of making false charges about flip-flops and surrender, " he wrote.
Afghans took to the streets in protest at the imposition of UN sanctions on the Taleban for its refusal to surrender fugitive Saudi militant Osama bin Laden, wanted by the United States on terrorism charges.
The FBI's week-long strategy of patience paid off Saturday with the surrender of Richard Clark, one of 10 fugitive members of the Freemen group wanted on conspiracy and fraud charges.