Saturday, October 24, 2009

Will it be safe to open a life insurance account with the current financial crisis?

i am just so lucky that this happened before i put a third of my money into AIG.


Now i'm looking into Sun Life Financial, is it a safe company? were they one of the many that invested money in the Lehman brothers?
Will it be safe to open a life insurance account with the current financial crisis?
Life insurance is regulated very strictly by state governments, and the companies much show reserve holdings for any payouts they may make. If you are purchasing life insurance from a reputable company like Sun Life you should be fine. However, I would question the benefits of variable life insurance (if that's what you are buying) and buy universal life instead.
Reply:You should also check out Primerica. They have an excellent financial report and I have insurance with them. If you would like more info, send me an email through this site.





Thanks,


Milton

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