Tuesday, May 30, 2006
Some Life Insurers Play By Different Rules
Faced with the daunting prospect of buying life insurance, many Americans turn to someone they believe they can trust: a representative of a fraternal organization, often associated with their church.
But the people who own such policies, or are considering buying one, may be unaware that these organizations, such as Thrivent Financial for Lutherans or Woodmen of the World Life Insurance Society, play by different rules than other insurers -- rules that critics say can put buyers at a disadvantage.
Some Life Insurers Play By Different Rules
Source: Wall Street Journal (subscription required)
But the people who own such policies, or are considering buying one, may be unaware that these organizations, such as Thrivent Financial for Lutherans or Woodmen of the World Life Insurance Society, play by different rules than other insurers -- rules that critics say can put buyers at a disadvantage.
Some Life Insurers Play By Different Rules
Source: Wall Street Journal (subscription required)