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Posted in Life Insurance, Whole Life Insurance

In recent years, whole life insurance policies haven't been among the most popular types of life insurance to purchase because of their high-cost. However, since the financial crisis, it seems they've been making a comeback.

According to a recent Wall Street Journal article, some people have found refuge in these long-term life insurance policies and the benefits they can offer.

The Cost of Whole Life Policies Have Long Been a Deterrent

The article looked at the recent popularity of the whole life insurance policy and why more people are turning to them rather than the always popular term policy. The term policy comes a lot cheaper than whole insurance because it will only pay out during a specific number of years (ex. 10 year period).

On the other hand, whole life insurance policies give more benefits, including coverage during the span of your life, as well as money set aside for tax-deferred investing so that down the line you will have extra money for retirement or other expenses while still alive.

However, because of these benefits, the whole policy comes at a greater cost and this has been a deterrent for those who simply don't have it to give. But now it seems that many are looking past cost to the long-term benefits this type of policy can provide.

The Investment Power Is Greater With the Whole Life Policy

James Hunt, an actuary interviewed for the Wall Street Journal article, noted that it's hard to make a "term life and bond fund work better than a good whole-life policy." Because the investments of whole life insurance policies are tax-deferred until death, the dividends on investments are often much greater, which is not only good for you if you decide to pull some of your funds out early, but also for your beneficiaries when you pass on.

Of course, there are definite pros and cons of the whole life policy and they should all be considered before diving in. However, if you have the money to invest and are ready to commit for the span of your life (keeping in mind that your payments will significantly reduce over the span of the policy) then you could be giving your family a lot more than memories upon your death.


Posted in AIG, Life Insurance, Met Life

After working with MetLife in an effort to sell its American Life Insurance Company (ALICO), the two companies were finally able to strike a deal. For $15.5 billion, AIG will be selling its second-largest foreign life insurance business and in turn, own roughly one-fifth of MetLife.

The Specifics of the Agreement

According to both companies, AIG agreed to sell ALICO for $6.8 billion in cash and $8.7 billion in MetLife equity, which includes common stock and convertible preferred securities. Under this deal, the company would take a stake of about 20 percentin MetLife, which would result in 78.2 million common shares and 6.6 million shares of convertible preferred stock.

The shares that AIG holds would come with voting restrictions, however. The company would not be able to influence MetLife's operations and business decisions. But it would be exposed to MetLife's fortunes for up to two-and-a-half years.

AIG Still Trying to Repay Its Debt

Over the past year, AIG has been working hard to repay U.S. taxpayers for the debt incurred after having the government bail it out twice for a total of nearly $200 billion. Ever since receiving the help, which resulted in the company being nearly 80 percent owned by the government, it has made every effort to reduce its debt.

Recently, it sold its Asia unit to Prudential for $35 billion and it has plans to repay its debt via cash generated by its insurance business and asset sales.

Of course, President Barack Obama is placing some life insurance companies on the hook for a tax that will ensure repayment. With this tax, it is estimated that AIG will be required to pay back $388.8 million. With all of the mistakes that the company has made over the last year, it looks probable that the company is indeed picking up the pieces and moving forward in the right way that will not affect customer life insurance rates.


Posted in Life Insurance

Robert Downey Jr
Photo by SpreePIX - Berlin

Oscar season is upon us, and once again its time for the Academy to recognize its best and brightest. While the night will be devoted to glamour, the actual making of a film is composed of many less exciting elements.

One of those is the high cost of insuring actors....



Read full article: The High Cost of Insuring Movie Stars

Posted in AIG, Life Insurance

American International Group Inc. (AIG) has recently reported that it has decided to ditch its plan to use cash flows from life insurance policies to repay its $8.5 billion debt to the Federal Reserve Bank of New York. Instead, it plans to repay the money through other means, including cash...



Read full article: AIG Scraps Use of Life Insurance Policies to Pay Taxpayers Back

Posted in Life Insurance, Life Insurance Claims

It is more common than you think for a beneficiary to get a denial letter after filing a life insurance claim. That's at least according to a new press release from Pennsylvania life insurance law firm, Lassen Law Firm, that explains that life insurance companies regularly deny claims - and for...



Read full article: Getting a Life Insurance Denial Letter is Pretty Common

Posted in Compare Life Insurance, Life Insurance

life insurance truths

We've all seen the movies where star villains go on killing sprees. They drive through the streets striking vehicles left and right, open fire in crowds and make human body shields out of random people. While the scenes are exciting to watch, after the dust settles we rarely see discussions...



Read full article: The Realities of Life Insurance Policies

Posted in Life Insurance

The American Customer Satisfaction Index (ACSI) shows that Americans were satisfied with life insurance in the fourth quarter of 2009. According to the index, life insurance satisfaction not only improved overall, but specific life insurers also received increases in satisfaction.

Specifics of...



Read full article: ACSI Shows Customer Satisfaction On the Rise for Life Insurance

Posted in Life Insurance

If you have recently purchased a life insurance policy, you are one of the people noted in a recent report the showed that life insurance activity increased in Jan. 2010. According to the report, also known as the MIB Life Index, U.S. application activity for individually underwritten life...



Read full article: Life Insurance Activity Up in January

Posted in Compare Life Insurance, Life Insurance

life insurance supplements

Obtaining life insurance offers huge benefits, including the security of knowing that once you've passed on you can leave your family with financial stability. Recent studies show that life insurance is such an important asset that consumers have been willing to purchase or maintain their...



Read full article: What Are Supplemental Life Insurance Options?

Posted in Life Insurance

With Valentine's Day just around the corner, many significant others will be happy to know that nearly one in four Americans would be happy to receive life insurance astheir gift this year. This is according to the LIFE Organization that recently published the results of its study, which was a...



Read full article: Valentines Prefer Life Insurance as Gifts This Year

Types of Life Insurance

Before you consider purchasing a life insurance policy, you should have many questions and educate yourself as much as possible before committing. Generally, Life Insurance can be purchased in two forms: Term and Permanent. Learn more about the different types, and be sure to fill out our form to compare free rates from leading life insurance providers.

Life Insurance FAQs

You most likely have a lot of questions regarding the different life insurance types out there, and you should. It's important to do research and be selective before you buy. Here are some articles to help you start thinking about the advantages and disadvantages of the different types of life insurance. It also answers common questions that people might have.

Pros and Cons of Term Life Insurance
Term insurance is great if you need short-term protection without paying a high premium.

Considering Whole Life Insurance
Are you looking for an investment component to your life insurance policy? If so, whole life insurance may be right for you.

Universal Life Insurance

Universal Life Insurance is Permanent
Like a whole life policy, this type of policy will give you returns for your premiums, usually at a guaranteed return no matter how your investments perform.

Variable Life Insurance

Variable Life Insurance for Flexibility
If you want to control where your life insurance policy is invested, such as stocks and bonds, this is the perfect policy plan for you.

Current Life Insurance News

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