Insurance Premiums: Fall, Fall, Fall
Could it get any lower — I have a feeling that if this trend continues, very soon, we’ll get life insurance for free (I know that’s like too much wishful thinking but hey, why not). According to the Insurance Information Institute, premiums for individual life insurance are expected to continue a downward trend in 2007 with a drop about 4 percent. Chron.com reports:
The reduced premiums are expected for both term and permanent life insurance, the III said. Term life insurance provides protection for a specific period of time, say 20 years, and pays a benefit if the purchaser dies in that period. Permanent life insurance promises a death benefit as long as the consumer pays the premiums.
Read more: Forecast: Insurance Premiums to Fall
If you enjoyed this article, please bookmark it at del.icio.us »