WORCESTER — A.M. Best Co. yesterday upgraded the financial strength rating of Allmerica Financial Corp.’s life insurance operations and left unchanged the financial strength rating of Allmerica’s property and casualty companies.A.M. Best said it was also altering the company’s outlook from “under review with negative implications” to “stable.” Allmerica, which struggled last year through a […]
Question: We are weighing a loan from one or both of our 401(k) plans and also a loan from our life insurance. We know the rules as well as the possible hazards of 401(k) borrowing, after talking at length with the benefits department. Now we want to know the advantages and possible pitfalls of borrowing […]
Try to bear with us: We’re going to talk about life insurance. This is important stuff, so try not to glaze over. One reason to pay attention is that a lot of money is at stake. Many people wind up buying too much insurance, which wastes money, and others don’t have enough, leaving their families […]