Carriers that issue life insurance policies with guarantees similar to those mentioned above are reconsidering those products due to the heavy reserve requirements that come along with such a product. This is an important consideration for these carriers as they too are not immune to the significant downturn in the economy. Many carriers are considering removing these products from their product offerings or increasing costs.
Many of us have experienced a significant reduction in our net worth, some of which may have been intended for our children, grandchildren, or charity. Life insurance is an exceptional way to nearly and immediately replace that portion of your wealth and to assure that those you care about will still benefit in the ways you intended.