If you need to double your existing life insurance coverage, now is the time. American General Life Insurance Company (AIG) is offering a limited-time opportunity for you to increase the life insurance coverage you already have with them. And guess what? There are no exams, no labs and minimal paperwork!

Why would you need to increase your coverage? If events in your life have changed since you first purchased your policy such as, getting married, buying a house or having a child, you may find yourself in need of additional coverage. And now you can increase your current policy by as little as $100,000, or as much as double your existing policy.

This opportunity is only available for a limited amount of time. But keep in mind – You must have an existing policy with AIG that was purchased within the past three years to take advantage of this offer. So if you’re interested in this chance to provide your loved ones with additional financial protection, call us today at 888-592-5566 to increase your current coverage amount.

For more information about this opportunity or for a free term life insurance quote, contact an experienced life insurance agent at AccuQuote. They’ll compare life insurance rates with top-rated life insurance companies to find you inexpensive life insurance coverage.

I recently read a great description that explains why we’re passionate about being in the business of selling permanent and term life insurance. Although the original author is unknown, Marvin H. Feldman, CLU, ChFC, RFC^®, did an excellent job of revising some of the wording to make it more appropriate for today.

Read an excerpt from his article below:

By Marvin H. Feldman, CLU, ChFC, RFC^®

Financial pundits tell their readers they should only buy term insurance and invest the difference and never purchase permanent life insurance. Why? Because they say it is a bad investment. But how many of our clients actually invest the difference in wealth building accounts or products? Very few. Most spend the money to maintain their lifestyle.

What happens if the term insurance terminates at a time when the client’s health is not good, and he or she is not able to renew the policy or cannot afford the guaranteed premium rates? Wouldn’t the client have been better served with a permanent policy, which cannot be outlived?

If the client has been able to build wealth, but it is in bricks, stone and steel, or needs to be retained for a long period of time to achieve maximum value, do these same advisors recommend that these assets be sold at a loss? Permanent life insurance, the worst investment, becomes the best investment at death, because the cost has only been pennies for each dollar of death benefit provided. It pays the most at a time when it is needed the most, a time when financial certainty is of the utmost importance.

I am a Life Insurance Policy

I am a piece of paper, a drop of ink and a few pennies of premium.

I am a promise to pay.

I help people see visions, dream dreams, and achieve economic immortality.

I am savings.

I am property that increases in value from year to year.

I lend money when you need it most, with no questions asked.

I pay off mortgages, so that the family can remain together in their own home.

I assure people the daring to live and moral right to die.

I create money where none existed before.

I am the great emancipator from want.

I guarantee the continuity of business.

I conserve the employer’s investment.

I am tangible evidence that a man is a good husband and father, and a woman a good wife and mother.

I am a declaration of financial independence and economic freedom.

I am the difference between an old man or woman and an elderly gentleman or lady.

I provide cash if illness, injury, old age, or death cuts off the breadwinner’s income.

I am the only thing that you can buy on the installment plan that your family doesn’t have to finish paying for.

I am protected by laws that prevent creditors from assessing the money I give to your loved ones.

I bring dignity, peace of mind and security to your family.

I supply investment capital that makes the wheels turn and motors hum.

I guarantee the financial ability to have happy holidays and the laughter of children – even though father or mother is not there.

I am the guardian angel of the home.

I am life insurance.

Before buying term life insurance or any other type of insurance policy, it’s important to be aware of the company’s financial strength. By understanding your insurance carrier’s financial state, you can determine if the company will have the financial ability to pay-out when you or a beneficiary files a claim.

According to Insurance Networking News, eight insurance companies have recently been affected by financial ratings, released by A.M. Best Co and Fitch Ratings.

These companies include:

• Centurion Life Insurance Co. and Centurion Casualty Co.
• Fidelity National Financial
• Greenlight Reinsurance Ltd.
• International Energy Insurance
• National Life Insurance Co.
• Protective Life Corp. and its Subsidiaries
• Symetra Financial Corp. and its Subsidiaries

Get more information at Insurance Networking News.

For a free term life insurance quote from a top-rated life insurance company, call a licensed life insurance agent at a multi-carrier brokerage firm who can compare rates with the best life insurance companies. In a matter of minutes you can get quotes from dozens of companies you know and trust.

I’ve always understood the importance of life insurance, which is why it’s not only my job, but my passion to make sure the ones you love are taken care of after you are no longer around.

The recent deaths of iconic names, Michael Jackson, Billy Mays, Farrah Fawcett and Ed McMahon, have made me realize lately how much my job and the service that AccuQuote provides really does matter.

These stars did not die of unimaginable circumstances, they died of common illnesses that people like you and me are diagnosed with everyday. And just like you and me, they are leaving behind loved ones that did not think of them as household names, but family.

The point is…you never know. You never know what will happen tomorrow, so it’s important to be prepared if something devastating were to happen. So I suggest leaving your own legacy by getting term life insurance quotes online today.

For the first time since 1994, term life insurance rates are beginning to increase about 10-15% and we expect this trend to continue.  In addition, a popular term product known as return of premium may be disappearing. As you may recall, ROP products address many disadvantages of traditional term policies. They are a bit more expensive then traditional term, but they offer a full refund at the end of the term it. In recent years, consumers that bought ROP can expect a 4 to 6 percent return – a bit better than other safe investments these days.

Thus far, the following carriers have either pulled or raised rates on their ROP products and we expect more of the same in the coming months:

• ING is pulling its basic ROP
• Genworth withdrew its product
• AIG American General is raising its rates by about 50% making the product very unattractive

Reasons for these changes include:

• Pressure on reserves
• Depressed investment return
• Capital solutions that help fund guaranteed term and universal life products are more scarce, and where available, their cost has increased significantly
• A non-forfeiture rule Actuarial Guidelines 45 (AG 45) going into effect at the end of the year that will require an earlier increase in the cash value for ROP term products (NAIC)

The message is clear…if you are interested in affordable term life insurance or a return of premium policy, act quickly. And if you already have a discount life insurance policy, hold onto it with both hands.

With the recent price increases we’ve seen in the term life insurance marketplace, we’ve seen return of premium term life insurance policies increase nearly 50% in some cases. They are borderline unattractive to consumers, but yet they are still cheaper than universal life.  Return of premium policies are the type of policies that offer all of your money back if you don’t die during the length of the term.

Why the dramatic price increases? They are mainly due to reserving laws. When a policy is sold, the life insurance company must have a certain amount of money set aside. This has been done mainly through letters of credit. However, the cost of capital is much higher than it was 5 years ago.  These costs are being passed onto the consumer.

I read an article in an industry magazine called Insurancenewsnet.  It talks about lessons learned from famous estate planning failures. There were some interesting cases that they made about famous people that didn’t have the right estate planning needs before they died.  A common theme that was missing in each of their estate plans was a life insurance policy.

Here’s an example:

Name: Sammy Davis Jr.

Died: May 16, 1990, Beverly Hills

Estate Mistake: Although he made more than $50 million in his lifetime, Sammy left $5 million. The bigger problem was he owed $7 million in taxes and no means such as life insurance to satisfy his debt. His widow sold many of his personal belongings at action to help pay the debt.

Recently, I told you that life insurance rates were rising. Well last week a total of 5 of the top insurance companies have raised their term life rates on average 5-15% since the beginning of 2009. You can still find discount term life insurance, but it’s becoming harder and harder.

The insurance companies that raised rates include:

1. Genworth
2. ING
3. Prudential
4. Banner Life
5. West Coast Life

Just because these life insurance companies raised rates, doesn’t mean that they are no longer competitive. If you’re looking for the best term life insurance, be sure to get life insurance quotes online from a broker like AccuQuote that knows the ins and outs of each insurance company and their specialities.

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.

A few weeks ago, I told you that life insurance rates were on the rise. In fact, Transamerica, Prudential and ING raised rates.  Well, last week, we were just informed that West Coast Life is also raising rates. If you are shopping for term life insurance, it bears repeating:  Now is the time to buy.