In the 1980’s and 1990’s when there were high interest rates many insurance companies began to advertise and illustrate these high interest rates without adequate disclaimers that if rates came down, your premiums could increase greatly.
Many insurance companies designed the policies with the high interest rates in mind and the policies were underfunded. In other words when the person reached old age, the rates could climb exponentially.
For example, Farmers Insurance sold FUL policies and the cost of insurance on a $50,000 policy would be $285,000 from ages 80 to 100. These policies were sold from 1984 to 1996.
This might be a violation of numerous consumer laws.