Life Insurance Rates Continue to Drop
Life Insurance Rates Continue to Drop
Pasadena, CA (PRWEB) December 6, 2005
A recent study showed that rates for individual term life insurance and permanent life insurance (whole life and universal life) will likely drop by 3 percent in 2006.
This is because people are living longer (what the insurance business calls “mortality improvements) and also because of competition.
One will be able to see these improvements instantly on the http://www.lifeinsure.com insurance quotes engine as these changes come about.
Term life insurance rates have been in a downward trajectory for the last 20 years or so.
The biggest rate reductions that we have seen have been for the most healthy people who don’t use tobacco which the life insurance companies call the “best risks”.
The lowest rates available in 2005 are more than 50 percent lower than term life insurance rates from a decade ago.
There are two major types of life insurance; permanent life insurance and term life insurance. Permanent life insurance is called “permanent” because unlike term life insurance it is either guaranteed to last for life (whole life insurance) or projected to last for life based on interest rates and other factors (universal life insurance).
Over the last few years there have been other new factors introduced into the life insurance market besides the lowering of cost. For example, there are now universal life policies now that overcome a deficiency that used to exist in these kinds of policies - that, unlike whole life, they could lapse if interest rates fell or the cost of insurance increased. Now, universal life insurance can be guaranteed with a “rider” (extra) that guarantees that the universal life policy will last for a number of years or for life no matter what happens to interest rates.
The http://www.lifeinsure.com site includes detailed information on all these types of life insurance and also survivorship life insurance which is a very popular estate planning tool recommended by attorneys and financial planners.
The site also has the unique feature of giving access to the term life insurance and return of premium life insurance rates data base on an anonymous and instant basis.
# # #
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Life Visioneers Teen Leadership Coaching Program
Life Visioneers is an innovative online leadership and coaching program that equips teenagers with the tools they need for success. Delivered weekly, the membership features online video lessons, podcasts, talent showcases, interactive activities.
Life Visioneers Teen Leadership Coaching Program
TALKING AFLAC ADVERTISING DUCK TERM LIFE INSURANCE PLUSH STUFFED ANIMAL
 | US $10.99 End Date: Tuesday May-29-2012 4:12:30 PDT Buy It Now for only: US $10.99 Buy it now | Add to watch list |
Term Life Insurance Banner
 | US $24.95 End Date: Tuesday May-29-2012 12:54:43 PDT Buy It Now for only: US $24.95 Buy it now | Add to watch list |
(1) NEW YORK LIFE LOGO GOLF BALL INSURANCE (LONG-TERM CARE)
 | US $2.99 End Date: Friday Jun-08-2012 9:05:38 PDT Buy It Now for only: US $2.99 Buy it now | Add to watch list |
Related posts:
- Major Insurance Companies Compete for Lowest Term Life Insurance Rates
- Term Life Insurance Rates: Investigate Harder To Get The Best Rates
- ING Lowers Term Life Insurance Rates, Again
- Term Life Insurance Rates: Get The Lowest And The Best And Secure Your Family?s Future
- ING Lowers Rates and Updates Term Life Insurance Products