Recently there have been some sensational articles in the media suggesting life insurance companies are facing tough times with the financial crisis combined with COVID-19.
Special guest Attorney Andrew Rinn, also the Vice President of Advanced Markets at Ameritas, joins us to share an inside perspective on what’s really happening at mutual life insurance companies right now. It is fascinating to hear how life insurance companies (especially mutual companies with strong cash positions and a low debt ratio) are in a position to obtain nice deals in the current bond market.
Underwriting procedures and virtual research have also been upgraded to minimize paramedic requirements for new policies. Life insurance guarantees are always important - never more so than during these times. It’s good to hear how mutual insurance companies like Ameritas are putting their policy holders first - keeping guarantees strong and recognizing liquidity needs through policy loans.
Thank you for sharing, Mr. Rinn!