AIG (Amerian International Group INC.), the insurance company that is in the process of repaying a U.S. bailout is getting weaker. It recently sold assets one being Nan Shan Life Insurance Co.

The Former CEO Maurice “Hank” Greenberg said, “Of course they’re making themselves weaker” on Bloomber Television’s “InBusiness”. He went on to say the sale of Nan Shan was not a great thing to do.
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A term life policy is a much cheaper life insurance option compared to the whole life policy. This type of policy is set to cover you for a selected number of years. Term policies provide the most in immediate death benefit for the price of the premium.

Common time periods selected for term policies include 5, 10, 20, and 30 year term policies. The longer term selected, the higher the premium will be.
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The Whole Life Insurance Option

When shopping for life insurance online there are a variety of policies you can choose from.  One common policy offered is the whole life insurance.  While a term life insurance policy only covers you for a set amount of years, the whole life policy will cover you for your entire life.  With a whole life policy your premium and benefits will in most cases remain the same.

Basically the Insurer will invest your premium which helps build cash value.  The cash value is tax-differed unless you make a withdrawal.  You may also borrow against the cash value. Read the rest of this entry »

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