The trend towards ever lower term life insurance rates is alive and well. While it’s only February, several major life insurance companies have already reduced rates. Among the changes, the following major life insurance companies have reduced premium rates:
- AIG American General Life Insurance Company – There has been an overall rate decrease of 3+ % and there have been even more significant reductions in several age ranges (i.e. 40 year old males)
- West Coast Life Insurance Company – There have been major rate reductions in the Standard rating classification and preferred and preferred plus classifications have been opened for individuals age 65 and older.
If you are considering new life insurance or revising your life insurance program, get an instant term life insurance quote and see how these declining rates might impact your current situation.
Please Note: Before canceling any life insurance policy you may have, be sure that a new life insurance policy is paid for and in force.
