Life Insurance to Remain a Great Buy into 2008, Forecasts the I.I.I.
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Audio File and Transcript/date
September 25, 2007
Download the MP3 file.
This is Dr. Steven Weisbart, vice president and chief economist at the Insurance Information Institute. What follows are two radio actualities of written quotes from the news release on life insurance rates.
Segment 1
“We foresee a continued downward trend in life insurance premiums, which began a little more than 10 years ago. The 1 percent year-to-year drop in term life premium rates the I.I.I. projects for 2008 is modest compared to some of the double-digit percentage premium reductions we’d seen in the late 1990s. Nevertheless, life insurance policy premiums are generally less than half of what they were in the mid-1990s.”
Segment 2
“Life insurance rates are dropping because death rates for the 25-44 age group—the primary age range for purchasing life insurance—have decreased significantly.”
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