Steps to Finding the Financial Status of an Insurance Company

Steps to Finding the Financial Status of an Insurance Company

Insurance Regulatory Information reports (IRIS) are comprehensive evaluations of the financial statues of life insurance companies, which are issued by the National Association of Insurance Commissioners (NAIC). With more than 5,000 companies filing their financial statement each year with the NAIC, the IRIS financial ratios serve as an early warning system to spot troubled companies.

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The Incontestability Clause of Your Life Insurance Policy

The Incontestability Clause of Your Life Insurance Policy

Regardless of the life insurance policy you decide to purchase, every policy will contain a safeguard called the “incontestable clause” geared towards financially protecting the insurance company. The National Association of Insurance Commissioners Standard Policy Provisions Model Act and the laws based upon it requires that every single policy contains an incontestable clause, which is a provision that makes the life insurance policy incontestable by the insurer after it has been in force for a…

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Top Answers to Questions About Whole Life Insurance

Top Answers to Questions About Whole Life Insurance

To completely grasp the benefits of whole life insurance, you’ll need to understand the underlying details involve,d and to help you fully understand those issues, we’ve put together a list of answers to the top questions about whole life insurance. According to a study commissioned by the National Association of Insurance Commissioners, less than half of American consumers feel confident about making insurance decisions, and only 2 out of 5 U.S. consumers feel confident about answering…

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What Are the Qualities of the Ideal Life Insurance Company

What Are the Qualities of the Ideal Life Insurance Company

It’s a big decision with some long-term repercussions to your financial health – purchasing a life insurance policy. Making the correct life insurance company choice requires proper preparation and careful information gathering. While you might think the process will leave you feeling overwhelmed and nervous, it doesn’t have to be that way. In this article, we’ll cover the qualities of the ideal life insurance company. Unlike other forms of insurance such as auto insurance, life…

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