You may not have heard that AG 38 (Actuarial Guideline 38 created in 2003 to clarify Valuation of Life Insurance Policies) will require life insurance companies to hold more reserves for products that contain a 'secondary guarantee' or a death benefit guarantee. These changes were adopted September 12, 2012 and will go into effect for new policies written after January 1, 2013. When they go into effect the Universal Life rates will increase!
HIGHER PREMIUMS! RATES WILL GO UP. It is just a matter of how much. If you have any thoughts about life insurance, or if you are are 'on the fence' about converting your existing term policy, or buying new universal life policies - NOW IS THE TIME and the clock is ticking. In actual reality - there is probably about a 60 day window starting NOW.
Life Insurance is more affordable now than ever. 85% of people overestimate the cost of life insurance and are surprised they can afford it so easily. Contact me to see how I can help provide peace of mind to those you love.