Term Life Insurance Rates Decreased

QuickQuote Term Life Insurance Blog

American General Life Insurance Company (AIG) and Genworth Life Insurance Company both announced decreases in term life insurance rates this week. The changes will be for specific ages, coverage amounts, and term lengths.

Term life insurance premiums have decreased significantly over the past several years due to competition in the marketplace and improvements in mortality rates. However, many industry¬†‘experts’ believe premium rate decreases are nearing the end as most insurance companies have dropped rates as far as feasibly possible.

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