OHD
11-23-2008, 07:41 AM
Time to check ALL your insurance companies out.
Auto, Health and Life insurance companies are in serious trouble, many will not make it and if you are a policy holder all you will get is the piece of paper(s) you have now, if something happens.
NOW is the time to move before the crap starts to happen and premiums start rising.
My life insurance carrier was rated the highest and the best. I have it to pay any estate taxes that will be due. The policies guarantee 4% interest rate and it is impossible for them to pay it.
My accountant has told me to get every dime I can away from that company and re do the insurance with a more well funded/better rated company, FAST, while they still have the funds for surrender. I can use the cash value to pay the difference in the higher premiums.
My health insurance company is also in very shakey financial condition, I am changing that also.
My liability and auto carrier is still pretty stable and I am keeping them.
This is a very serious, particularly for younger people, check and make any changes BEFORE your family finds out they won't/can't pay, when they need it the most.
I have been with these, well known, big companies for 25-40 years and 2 out of 3 have to go...so check your stuff out now, before it is too late...
Auto, Health and Life insurance companies are in serious trouble, many will not make it and if you are a policy holder all you will get is the piece of paper(s) you have now, if something happens.
NOW is the time to move before the crap starts to happen and premiums start rising.
My life insurance carrier was rated the highest and the best. I have it to pay any estate taxes that will be due. The policies guarantee 4% interest rate and it is impossible for them to pay it.
My accountant has told me to get every dime I can away from that company and re do the insurance with a more well funded/better rated company, FAST, while they still have the funds for surrender. I can use the cash value to pay the difference in the higher premiums.
My health insurance company is also in very shakey financial condition, I am changing that also.
My liability and auto carrier is still pretty stable and I am keeping them.
This is a very serious, particularly for younger people, check and make any changes BEFORE your family finds out they won't/can't pay, when they need it the most.
I have been with these, well known, big companies for 25-40 years and 2 out of 3 have to go...so check your stuff out now, before it is too late...