Life insurance continues to be a valuable financial tool for many Americans. A new report by the Medical Information Bureau (MIB) shows that individual applications for coverage increased 1.4 percent in 2012. The MIB Life Index is commonly used to determine life insurance application activity in the U.S. It is based on the number of MIB checks life insurance companies perform when underwriting new applications for coverage.
Term Life Insurance = Value
Despite increased premiums by many companies in the past few years, term life still represents the best value in life insurance. Simply put, it provides the ‘best bang for your buck’ as I always say. Actually, I hardly ever say that. But I agree with it!