Thank you for this information! I was wondering which companies were "good", as most of them have ratings that are similar, but I was told that a bigger company may be better (ie, financially stable) and more likely to pay the benefit in 20-30 years.
One more question: banks have their own insurance (FDIC) that provides the consumer with some reassurance that their money will be secure (up to $250,000, I think?). The question is: Do any of the life insurance companies have their own "insurance"? How do I know that paying monthly premiums now will result in my kids' receiving the death benefit?
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Thank you for this information! I was wondering which companies were "good", as most of them have ratings that are similar, but I was told that a bigger company may be better (ie, financially stable) and more likely to pay the benefit in 20-30 years.
One more question: banks have their own insurance (FDIC) that provides the consumer with some reassurance that their money will be secure (up to $250,000, I think?). The question is: Do any of the life insurance companies have their own "insurance"? How do I know that paying monthly premiums now will result in my kids' receiving the death benefit?
thanks so much!
January 10, 2009 - 6:32pmThis Comment
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