Cheapest Life Insurance

What Has AIG Done Now? $500 Million Workers’ Comp Judgment

January 11th, 2010

Insurance giant AIG has managed to stay out of the media spotlight for some time, but it has re-entered with news that its California life insurance subsidiary is on the hook for half a billion in workers’ compensation liability.

According to a ruling last week by the California appeals court, AIG is liable for around $517 million in California workers’ compensation reinsurance coverage and interest.

About the Case

According to reports, the AIG subsidiary, U.S. Life Insurance Co. is required to pay on its reinsurance coverage for five California workers’ compensation insurance companies that were liquidated in 2000.

This ruling against U.S. Life was originally made in 2007.

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Term 100 Coverage versus Universal Life Insurance

January 7th, 2010

Term 100 coverage is a very straight forward form of permanent life insurance. The premiums are level for life and the coverage remains fixed for life. Most Term 100 policies have no cash values.

Universal Life coverage is available in many formats. The cost of insurance can go up on an annual basis, allowing for higher cash accumulation in the later policy years, or you can get a level cost of insurance where the premiums where the cost remains level for life (similar to a term 100 plan).

Universal life policies, with a level cost of insurance, offer applicants the ability to put extra funds in an accumulation fund.

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No Load Term Life Insurance

January 7th, 2010

Across the whole length and breadth of the globe the importance of various activities relating to insurance are well known, since it is concerned with the safety and security of life threats it would be a boon to users. Usually, life insurance shoulders the life hazards whenever it is needed most.  The process of insurance in which there are no intermediates or any other agent commissions or cuts attached is rightly termed as no load term life insurance.

This type of well wrought mode of life insurance would involve the policy holder in a lesser amount of money. The expected coverage would be more without any agent commissions.

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How Not To Fall For Cheap Term Life Insurance Quotes

December 31st, 2009

If you thought that making a good choice of insurance policy alone is enough to secure the future of your family, you may need to think it all over again. With the kind of market volatility prevailing nowadays, it is no wonder if your insurance firm gives in to the financial pressures and collapses before your policy could reach any kind of maturity. That is precisely why it has become so important to give enough priority to the credibility of the insurer even ahead of affordable term life insurance rates.

It can be a good idea to look for any developments in the insurance industry which may negatively affect any specific firms.

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Primerica Term Life Sales Decrease in 2009

December 30th, 2009

As reported in the December 2009 issue of the Insurance Journal, sales of
Primerica term life products have been decreasing.

The company’s recent prospectus filed on November 5, 2009 states that
Primerica sold more than 115,000 policies in the six months ending June 30,
2009, compared with more than 121,000 policies in the first six months of
2008.

The prospectus also indicates a slight decline in the average size of new
policies along, with a slightly higher lapse rate.

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