How to Find Misleading Information In a Life Insurance Policy

How to Find Misleading Information In a Life Insurance Policy

The National Association of Insurance Commissioners adopted the model regulation, which is a new regulation aimed at protecting consumer and fostering consumer education. Under this regulation, new standardized procedures for policy illustrations were created to help ensure that all illustrations are not providing misleading information.

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Steps To Choosing Which Life Insurance Company Is Best For You

Steps To Choosing Which Life Insurance Company Is Best For You

Selecting one life insurance company out of a pool of over 1,600 companies can be an overwhelming task, but with the assistance of some common-sense guidelines this process can become more manageable. The first step should always be to determine your life insurance needs.

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Importance of policy illustration/product analysis

Importance of policy illustration/product analysis

When dealing with permanent cash-value life insurance, sales are usually based on illustrations and product analysis. These illustrations are used to highlight project interest rates and future values, which are then shown to potential clients. But before any decisions, it is important to understand all the elements and components of these policy illustrations.

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How to read, understand a term life insurance illustration

How to read, understand a term life insurance illustration

Reading a term life insurance illustration or spreadsheet is not as complicated, as it may seem. By breaking down all of the possible elements of this illustration, you will get a better understand on how to evaluate and compare term life insurance illustrations.

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