Over the past half-dozen years, a seemingly endless series of scandals has rocked the life insurance industry, and many consumers are beginning to wonder whether they can believe anything an insurance agent tells them But alarming as the recent revelations are, the message should not be to forget about life insurance. Instead the message should […]
SUMMARY: Even though scandals have hit the life insurance industry, consumers should still get coverage. Yet they should use caution when choosing a carrier. Over the past half-dozen years, a seemingly endless series of scandals has rocked the life insurance industry, and many consumers are beginning to wonder whether they can believe anything an insurance […]
The nation’s largest source of home mortgage money has been developing a new life insurance concept designed to pay off borrowers’ unpaid loan balances when they die.The program, called the Mortgage Protection Plan, has been under active design for more than six months at Fannie Mae, the congressionally chartered, private corporation that purchases billions of […]
Q: I have a $50,000 whole life insurance policy I purchased in 1988. Since I have a term life policy through my job, should I cancel the whole life policy and invest the $4,400 cash surrender value somewhere else?A: Patti Mouvery bought a whole life policy nine years ago, when she was newly married and […]