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Prepare for Triple X!!!

Life insurance has long been a staple of any responsible estate or investment plan. How wise is it to carefully steward the growth of assets only to watch the taxman take away a large chunk when they are being passed to the next generation? Life insurance assures that beneficiaries will get large sums of money, tax free. But the price for this cornerstone financial blessing is going up! "Triple X" is legislation that will take effect in most states on Jan. 1, 2000. It will make term life insurance much more expensive and will probably put an end to longer guarantee periods, such as 20- and 30-year guaranteed rates. The government is requiring insurance companies to keep more money on reserve for every policy they sell, thus requiring companies to raise premiums on new policies. November and December may be your last chances to anchor your wealth with low term life insurance rates!

Tue, 16 Nov 1999 13:35:03 -0800