More Life Carriers Raise Rates On Older Blocks Of Business

November 17, 2015 by Rob Sussman

In my Nov. 6 article, I addressed the issue of life insurance carriers raising cost of insurance (COI) rates to egregious levels. Since I wrote that article, the number of carriers raising rates on older blocks of business has increased to six, with Genworth and Prudential PLC (Jackson National’s parent) joining the list.

It appears that this trend could accelerate, at least until interest rates rise enough to cover the financial shortfall.  Click HERE to view article

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Originally Posted at InsuranceNewsNet on November 16, 2015 by Rob Sussman.