Jun 01
Life insurers seen fit to survive crisis (WSJ)
Even if markets turn sour again, life insurers and reinsurers are considered to be fit enough to weather the financial and economic crisis because of their solid balance sheets, industry experts said last week. According to a story in the Wall Street Journal, rating agency Moody’s issued an optimistic note on the sector, saying its capital and liquidity stress test showed that even in a worsening market that could result in further downgrades, insurers are likely to retain investment grade ratings.
What does this mean for your term life insurance policy? It’s safe.
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