Last update: 7:00 a.m. EST Dec. 10, 2008
NORTH HOLLYWOOD, Calif., Dec 10, 2008 (BUSINESS WIRE) -- InsuranceBureau.com is helping consumers faced with tough questions on what to do with their existing life insurance policies. Life insurance customers have felt uneasy about the value of their life insurance policies and financial stability of their life insurance company in the wake of AIG's bailout.
Life insurance policies that are term life are a little easier to handle in these tough economic times. Term life insurance policies are generally inexpensive so consumers can purchase additional term life insurance with a more stable provider as a back up plan. If the cash component of a life insurance policy has lost value, financial experts suggest that it is in the consumer's best interest to stay with the current carrier or utilize available options to convert whole or universal life insurance policies into term without suffering penalties or taking the risk of losing coverage.
Insurance quotes can fluctuate in price due to variations in an insurance company's underwriting criteria, profits or losses of the previous year. The key to saving money on insurance quotes is to regularly compare insurance quotes from different carriers. Website visitors can use InsuranceBureau.com to compare insurance quotes.
InsuranceBureau.com is also a trusted source for unbiased insurance information for consumers.
SOURCE: InsuranceBureau.com
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