We’re barely a fortnight into 2008, yet we’ve already seen downward movement in term life insurance premiums from several major life insurance companies. The following companies have all reduced premium rates so far this year.
- AIG American General Life Insurance Company – Overall rate decrease of 3 percent. Significant reductions in specific categories, such as 40-year old males.
- Pruco Life Insurance Company (Prudential) – Premium rate reductions of 1 to 2.5% for product terms 15, 20 and 30.
- West Coast Life Insurance Company – Significant rate reductions in the Standard rating class.
Right now is a very good time to take a look at term life insurance quotes.