Printer Friendly

New Bailouts Cause Adverse Effects for Consumer's Life Insurance Policies, Reports

NORTH HOLLYWOOD, Calif. -- is helping consumers faced with tough questions on what to do with their existing life insurance policies. Life insurance customers have felt uneasy about the value of their life insurance policies and financial stability of their life insurance company in the wake of AIG's bailout.

Life insurance policies that are term life are a little easier to handle in these tough economic times. Term life insurance policies are generally inexpensive so consumers can purchase additional term life insurance with a more stable provider as a back up plan. If the cash component of a life insurance policy has lost value, financial experts suggest that it is in the consumer's best interest to stay with the current carrier or utilize available options to convert whole or universal life insurance policies into term without suffering penalties or taking the risk of losing coverage.

Insurance quotes can fluctuate in price due to variations in an insurance company's underwriting criteria, profits or losses of the previous year. The key to saving money on insurance quotes is to regularly compare insurance quotes from different carriers. Website visitors can use to compare insurance quotes. is also a trusted source for unbiased insurance information for consumers.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Dec 10, 2008
Previous Article:Take A Hike Arizona Gives New View To Guided Hiking Adventures.
Next Article:HGTV's Offers the Top 10 Things to Expect in the Housing Market in 2009.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters