re-examing our life insurance
I am re-examing the life insurance of several dozen clients. Each has a policy with me since 1995. Some of them are universal life, with flexible premiums. Some are with life insurance companies that have changed over the years to new owners. Most notably some are with Reassure America Life Insurance Co.
What I do for them as their agent is review how the policy is performing. If it has been ten or fifteen years, it is a good idea to get what is called a "current inforce illustration." This will tell us how the current policy will run from now to the age of 100 at current premiums, interest rates, and face amount.
Some universal life policies written in the mid to late 1990s assumed higher interest rates that havent held up. todays rates are much lower than then. This affects how cash values, the accumlated equity value in your life insurance, has grown over time and will grow from now until you turn 100 years old, should you live that long.
Every American doesnt live to 100, but in insurance, we always look at 100 as an age of maturity. so we analyze how a life insurance policy performs up to the age of 100.
If you have a policy with Reassure America, Valley Forge Insurance, Southwestern Life, Security Life, or Integon Life, you should call me to schedule a review of your current life insurance policy. If you have an insurance company that you dont recognize or remember having, you should call me.
Theres now lots of different insurers we can switch to, that will improve our existing coverage, and especially improve how it will perform from now till when we would be 100 years old.
What I do for them as their agent is review how the policy is performing. If it has been ten or fifteen years, it is a good idea to get what is called a "current inforce illustration." This will tell us how the current policy will run from now to the age of 100 at current premiums, interest rates, and face amount.
Some universal life policies written in the mid to late 1990s assumed higher interest rates that havent held up. todays rates are much lower than then. This affects how cash values, the accumlated equity value in your life insurance, has grown over time and will grow from now until you turn 100 years old, should you live that long.
Every American doesnt live to 100, but in insurance, we always look at 100 as an age of maturity. so we analyze how a life insurance policy performs up to the age of 100.
If you have a policy with Reassure America, Valley Forge Insurance, Southwestern Life, Security Life, or Integon Life, you should call me to schedule a review of your current life insurance policy. If you have an insurance company that you dont recognize or remember having, you should call me.
Theres now lots of different insurers we can switch to, that will improve our existing coverage, and especially improve how it will perform from now till when we would be 100 years old.
posted by Unknown at 3:23 PM
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