“Americans are starting to fight back against a wave of insurance-price increases on decades-old life policies. Over the past year, several major insurers have notified tens of thousands of people of higher costs to keep their policies in force, with increases ranging from midsingle-digit percentages to more than 200%, according to financial advisers. To justify the increases, they blamed the impact on their investments from the Federal Reserve’s decision to keep interest rates lower for longer.”
For an in-depth explanation of the issue, please see my 12/16/15 email included with the link to the article below. Bottom-Line – all policies 5 years and older should be reviewed to see if they are performing as originally intended.
To read the full article, click here.