Life Insurance Quote Listings

So far as investment management is concerned, assuming that life insurance companies that have done well in the past will continue to do well in future has been proved to date a reasonable basis for choice. Thus it is important not just to look at the projected results of a life insurance policy taken out today, because some companies project more conservatively than others concerning life insurance cover. There is always a temptation for a small and young company to project higher rates of bonuses or growth. They may be achieved, but if they are, the chances are also high that those companies projecting more conservatively which have done well in the past will also achieve results better than forecast.

Life insurance investment experience tends to vary over time, so there are different guidelines for selection. One factor that may be important is the company’s attitude to medical examinations. The size of the maximum policy that may be taken without a medical varies, as do the attitudes of companies to the need for medicals at all. Some offices regard as requiring a medical what others might regard as relatively minor health problem. The “loadings” imposed on premiums for below-average health (what the life insurance companies call “substandard lives”) also vary considerably. This is another reason why the with-profit policy should always be selected with the assistance of a professional adviser familiar with all such aspects of the life insurance market.

Besides, in the traditional endowment life insurance policy, the two aspects of protection and investment are related by the claim value. As bonuses accumulate, the claim value increases steadily towards its ultimate maturity value and the protective life cover enjoyed by the policyholder thus increases also. At the time this method was devised it reflected well enough the steady nature of investment growth. But since 1945 the growth in share and property values, with the help of inflation, has become far more rapid and, more recently still, more volatile. As we have already seen, this posed problems for actuaries.

Tags: life insurance, life insurance cover, life insurance quote, term life insurance

This entry was posted on Friday, November 14th, 2008 at 8:53 am and is filed under Life Cover Quotes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.