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Term Life Insurance Sales Down, Whole and Universal Up
A.M. Best Co. has released results of a recent study which shows that last year, the face amount of life insurance issues declined 3.1% from the previous year, to a total of $2.87 trillion. On a business-issued basis, term life insurance saw a greater decline, decreasing 11.7% to $1.13 trillion, while group life business also […]
Read moreWhole or Universal Life Insurance – Bullet Points
There’s no question that life insurance is one of the trickier types to navigate, especially when you’re faced with terms like “whole life” and “universal life.” Aren’t both terms sort of all-encompassing? And what are the differences anyway? The folks at Forbes define them as follows: * Whole life insurance – Caters to long-term goals […]
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