Wednesday, November 16, 2005

 

There Are Many Aspects to Life Insurance Planning, But It Really Comes Down to Checking the Basics and Evaluating The Needs of the Insured

The marketplace has changed over the past 10 to 15 years according to Lonnie Davis, director of CBIZ Accounting, Tax & Advisory Services (Plymouth Meeting, Pa.). "Certainly the cost of term insurance has continued to come down over the years. So, it is a very inexpensive way to purchase substantial coverage. Permanent products, such as whole life, universal life, and variable life, have become more efficient. Internal fees, asset management charges, mortality and expense loads, and cost of insurance rates have all been reduced allowing products to be priced lower or to accumulate higher cash values," he explains.

There Are Many Aspects to Life Insurance Planning, But It Really Comes Down to Checking the Basics and Evaluating The Needs of the Insured
Source: Insurance News Net

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