Surprise: Your Life-Insurance Rates Are Going Up


Insurers are raising costs of ‘universal life’ coverage sold years ago, as they confront low interest rates


Major insurers are breaking a long-standing industry taboo of raising rates on lifeinsurance policies they sold to consumers years ago, in the latest fallout from a prolonged stretch of low interest rates.

In recent months, several insurers have notified tens of thousands of people who own a type of coverage known as “universal life” that they are exercising little-used contractual rights to raise costs.

Read Full Article Here: Surprise: Your Life Insurance Rates are Going Up

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s