Preferred Life Insurance Rates For Flight Instructors!!
Not too long ago I outlined several private aviation life insurance underwriting changes that Prudential had made, almost all of them in favor of the pilots. Included in those changes was underwriting for private pilots of experimental or home built aircraft without a flat extra charge and rates as good as preferred best for some ...read more
How Important Are Guarantees?
I know. I know. The boy that cried wolf, right? “Make sure the insurance you have has a guaranteed rate for as long as you’re going to need it”……”Don’t buy any insurance that doesn’t have a guaranteed level premium”!!! I’ve honked this horn for so long and so obnoxiously I’m surprised that I haven’t been ...read more
John Hancock Suspends Whole Life Sales!
John Hancock announced today that sales of their Protection Whole Life product will be temporarily suspended “due to the ongoing low interest rate environment”. Protection Whole Life has a guaranteed interest rate of 5%, slightly higher than industry average for whole life, so will we be seeing an industry move to tighten interest rates even ...read more
Thinking 30 Year Term? Think Quick!!
As the number of companies grows announcing term insurance rate increases, in the last few weeks another snowball has started rolling down hill that will affect many, especially young adults in their 30′s and 40′s. The most recent trend is companies discontinuing their 30 year term policies altogether citing the current cost of reserve requirements. ...read more
And The Ball Keeps Rolling, And Gaining Speed!
Can you say fire sale? I just got notice of yet another term insurance price increase, this time from American National, and it appears that the rebound from the lowest prices in history are picking up steam. I know all of the whole life agents that like to attempt to beat me down are loving ...read more
Term Insurance Fire Sale!
With the latest news coming today it is no longer conjecture on my part. The downward trend of the past 15 years in life insurance has hit bottom. ING Reliastar today announced increases in their term insurance rates. I guess the only good news coming from them is that since their permanent products kind of ...read more
Is Anyone Paying Attention? Lot’s of Distraction Right Now, But….
Since the end of 2008 I have been following with detail as rapidly as possible about the changes in the life insurance business. The downward trend in term insurance rates and the higher reserve requirements for universal life NLG policies are changing the landscape daily, Yesterday John Hancock, not exactly a huge term insurance player ...read more
