The Insurance Information Institute reported today that life insurance rates will decrease again in the year to come. The prediction is that one will be able to obtain life insurance for 4% less in 2007. The report states that the decades long trend to lower rates is in line with the 5% average annual drop in life insurance cost that started in 2000. The report goes on to say: “Life insurance rates are dropping because death rates for the 25-44 age group—the primary age range for purchasing life insurance—have decreased significantly over the past 10 years,” Dr. Weisbart pointed out. In 1996 the death rate per 100,000 for the 25-44 age group was 177.8; by 2004 it had dropped to 161.8 (preliminary data, National Vital Statistics Reports). That is nearly a 10 percent drop in the death rate in less than a decade for the prime insurance-buying ages.” One can check an instant life insurance quoting service like lifeinsure.com to see how this drop in rates would apply to you.

Check out the press release on Forbes.com regarding the new life insurance videos on the lifeinsure.com website.

The Houston Chronicle financial writer talks about who should buy life insurance. It comes down to what we’ve said for some time: “If someone depends on you financially and would be financially hurt if you died, you should have life insurance.” Here’s what the article says in part:
“A person should buy life insurance when others are dependent upon their earning income. A classic situation would be when a couple starts a family and has a child. You might also get some life insurance for a stay-at-home parent, because if he or she were to pass away, the surviving spouse would likely face higher household expenses — to buy services that his or her spouse had been providing — and possibly reduced income if the person couldn’t work as much as he or she had in the past.”
“In the case of a two-income couple, I would recommend life insurance if they are dependent upon and relying upon each other’s income.”

Check out the press release on Forbes.com regarding the new life insurance videos on the lifeinsure.com website.

Check out an interesting press release on return of premium life insurance. This is a very interesting life insurance program. Worth a look.