Mar
11
2009
Our CEO answers all your life insurance questions via video
Author: Christin AccomandoAs you can tell from this blog, our CEO, Byron Udell, is passionate about educating people on the importance of life insurance. Byron is a life insurance and annuity industry expert. He has written numerous industry articles and has been cited in hundreds of business publications, including The Wall Street Journal, Forbes, Money, Kiplinger’s, The New York Times and many others.
Byron wants to take a moment to personally answer all your questions regarding life insurance. Whether you want to know the difference between term and permanent life insurance? How much to buy? Or what the best kind is during these economic times? Byron wants to help you gain a better understanding of life insurance and how it fits into your financial plan.
So tell us, what do you want to know about life insurance? Send us your questions by posting them in the comment section below. We look forward to hearing from you! Once we receive your questions, Byron will post a video on our blog answering your question as well as others.
Also, be sure to become a fan of AccuQuote on Facebook and follow us on Twitter.
See some previous questions answered here
Tags: AccuQuote
March 11th, 2009 at 7:38 am
Hi Byron,
Thanks for taking time to answer questions. I am an Accuquote customer, with a term life policy with AIG. I have a question about whole life insurance/annuity products. How can some companies “guarantee” a dividend rate at pretty high percentage given these current financial challenges. With the financial markets and most real estate assets deteriorating as such, one company with a “whole life” product claims a “guaranteed” dividend rate of 6.5% as your policy matures. How could any insurance company (especially in these times) guarantee such a future return – wouldn’t it be fair to assume their asset base has a strong likelihood of deterioration like any other company suffering? AIG has encountered issues and needed government bailout, I would assume many insurance companies investments have taken a hit. I find it hard to believe any large investments haven’t deteriorated over the last 18-24 months? So, how can an insurance company offer such a product – are they simply using today’s premiums to pay tommorrows dividends? Where lies the risk of that future dividend?
See Byron’s answer to Shawn’s question here
March 11th, 2009 at 4:35 pm
I bought a term life insurance policy through you with AIG. Now AIG seems to be in financial trouble. What will happen to my policy if they go bankrupt?
See Byron’s Video answer to Amy’s question here
March 17th, 2009 at 3:59 am
Hi Amy, i also sign up for AIG insurance.Also wondering the same thing..
See the response here