WestPark Capital’s Michael Wechsler Comments on the Life Insurance Market

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WestPark Capital’s Michael Wechsler Comments on the Life Insurance Market
News from Sacramento Bee:

/PRNewswire/ — While health insurance premiums have increased approximately 113% over the past ten years, according to a survey in September 2011 by the Kaiser Family Foundation, the reverse is true of life insurance.  In general, life insurance premiums have become demonstrably cheaper over the past 25 years, due primarily to increases in life span, new product designs and competitive market pressures. In addition, many new enhancements to life insurance products have been introduced with significantly extended guarantees, enhanced death benefits and long term care riders. In many ways, the changes in life insurance costs mirror what is happening in the mortgage market with its historically low current rates.

While investors regularly review their stock, bond, mutual fund portfolios, etc., life insurance tends to be overlooked. In addition, because of changes in family situations, such as age, divorce/remarriage, new baby or retirement, the importance of insurance review is further enhanced. Most purchasers are unaware of what improvements could be made, given their life changes and the generally lower cost as well as improved features current policies offer.

It is possible, due to the above changes, a client can increase death benefits or possibly withdraw cash for any current…………… continues on Sacramento Bee

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Long-Suffering Life Insurance Shows Growth In Fourth Quarter Of 2011
News from Hartford Courant:

The long-suffering life insurance industry had some growth in the last three months of 2011, one of only a handful of positive financial quarters for the industry in the past several decades.

The data were provided in new research this week by Windsor-based LIMRA, an insurance research firm.

Premium revenue for all life insurance sold to individuals increased 4 percent last year, resulting in the second consecutive year of growth for the industry. In the fourth quarter, premium revenue increased 2 percent compared with the same period a year before.

“For the second year in a row, strong whole life sales propelled overall individual life insurance sales growth,” said Ashley Durham, senior analyst, LIMRA Product Research. “With the economy continuing to struggle, consumers are attracted to the premium and cash-value guarantees along with lifetime coverage, which whole life offers.”

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Whole life grew 9 percent over 2010, making 2011 the sixth consecutive year of growth in whole-life premium, including 5 percent during the fourth quarter compared with the s…………… continues on Hartford Courant

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Life Insurance (The Guru’s Guide)
A vast amount of misinformation, confusion, and even outright lies abound on the subject of life insurance. This guide’s concise…

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