According to a recent survey commissioned by the Heritage Union Shield salary more than 1 / 3 of Americans have no life - that's over 77 million people in America.
Among the factors that keep people from life after respondents include:
43 percent say that coverage is too expensive
47 percent say the economy is uncertain, their capacity to buy life insurance
On the question of how much life insurance they thought was enough,
respondents offered contrasting amounts:
23 percent said they would need between $ 400,000 and 1 million U.S. dollars.
22 percent believe that 11,001 U.S. dollars to 100,000 U.S. dollars would suffice. The median amount cited was 200,000 U.S. dollars.
What can you do?
Learn more about term life insurance, the most affordable life insurance protection.
Compare free term life insurance quotes from top-rated insurer.
Or, find out how much life insurance you need with a life insurance needs calculator.
Monday, October 27, 2008
Life Insurance Company Ratings are Important to You
If you're shopping for life insurance, you can ask about the safety and security of the purchase of life insurance in today's world, in light of the recent financial crisis by AIG.
It is very important when you shop for life insurance to examine the financial assessment of a company. The higher the rating, the better the carrier should be used to pay its debts.
A recent article in SmartMoney magazine, said that although insurance company failures are rare, there is no such thing as a safe thing.
Most states have life insurance guarantee fund that work as a backstop in case of an insurance company failure.
However, many states have coverage limits of $ 300,000 in life insurance. So, if your policy is for 500,000 U.S. dollars, and you pass, if your insurance company has failed, your family May only 300,000 U.S. dollars.
This means that if your life insurance rating is declining, you can consider another insurance company.
You can check financial ratings of insurance lfie at AM Best
You can compare life insurance online offers that you are familiar with the financial evaluation of the carriers cited to get an idea of how much money you can save by switching to a new life insurance carrier.
Important: - Make sure that you do not terminate an existing life insurance until after you have approved a new, paid, and "In Force".
It is always a good idea to deal with a licensed life insurance agent before you make any changes to your existing life insurance policy.
It is very important when you shop for life insurance to examine the financial assessment of a company. The higher the rating, the better the carrier should be used to pay its debts.
A recent article in SmartMoney magazine, said that although insurance company failures are rare, there is no such thing as a safe thing.
Most states have life insurance guarantee fund that work as a backstop in case of an insurance company failure.
However, many states have coverage limits of $ 300,000 in life insurance. So, if your policy is for 500,000 U.S. dollars, and you pass, if your insurance company has failed, your family May only 300,000 U.S. dollars.
This means that if your life insurance rating is declining, you can consider another insurance company.
You can check financial ratings of insurance lfie at AM Best
You can compare life insurance online offers that you are familiar with the financial evaluation of the carriers cited to get an idea of how much money you can save by switching to a new life insurance carrier.
Important: - Make sure that you do not terminate an existing life insurance until after you have approved a new, paid, and "In Force".
It is always a good idea to deal with a licensed life insurance agent before you make any changes to your existing life insurance policy.
AIG to Exceed Bailout Credit Line
This is an interesting article about the current status of the AIG bailout loans, and what they do with their money from the government.
American International Group Inc. has 90.3 billion U.S. dollars from a U.S. government credit line, since they bailed last month, an amount which exceeds the size of the original loan is meant to save the insurer.
AIG May need more than the 122.8 billion U.S. dollars from now to the New York-based insurer, Chief Executive Edward Liddy said. The company, based on the 16th September at over majority control to the United States in exchange for a $ 85-billion-dollar loan obtained access to an additional 37.8 billion U.S. dollars this month.
AIG's latest balance was revealed Thursday from the New York Federal Reserve, and is up from 82.9 billion U.S. dollars a week ago.
"This underscores the uncertainty for all try to create a series of" on the AIG cash needs, said Bill Bergman, an analyst at Morningstar Inc. in Chicago. The Financial Products unit, that most of the company losses "is a big black hole." Read the whole article.
The interesting part comes later in the article, if the current CEO calls it sell its U.S. life insurance company, among other assets.
American International Group Inc. has 90.3 billion U.S. dollars from a U.S. government credit line, since they bailed last month, an amount which exceeds the size of the original loan is meant to save the insurer.
AIG May need more than the 122.8 billion U.S. dollars from now to the New York-based insurer, Chief Executive Edward Liddy said. The company, based on the 16th September at over majority control to the United States in exchange for a $ 85-billion-dollar loan obtained access to an additional 37.8 billion U.S. dollars this month.
AIG's latest balance was revealed Thursday from the New York Federal Reserve, and is up from 82.9 billion U.S. dollars a week ago.
"This underscores the uncertainty for all try to create a series of" on the AIG cash needs, said Bill Bergman, an analyst at Morningstar Inc. in Chicago. The Financial Products unit, that most of the company losses "is a big black hole." Read the whole article.
The interesting part comes later in the article, if the current CEO calls it sell its U.S. life insurance company, among other assets.
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