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Study: Life insurance companies having difficulty with low ratesPosted On Fri, October 21, 2011
A recent study from Conning Research & Consulting found that many life insurance companies may have difficulty profiting while interest rates are hovering around their lowest levels in nearly 60 years.
The company's study, "Life Insurance Industry Investments: Investigating Interest Rate and Sovereign Risk," detailed the obstacles life insurance companies face, and how they will have to deal with the possibility of low insurance rates over what could be an extended amount of time.
"Our analysis of life insurers' investment profile through 2010 and into 2011 indicates that their appropriate response to the credit crisis - increasing cash and sovereign debt holdings - now exposes insurers to other risks, especially in light of our current expectations about a long-term low interest rate environment," said Mary Pat Campbell, analyst at Conning Research & Consulting.
Despite the struggles that may occur for companies in the life insurance industry, it may be a bad idea if those who do not have this type of coverage wait on getting insured. Getting affordable life insurance quotes may be easy and can help keep a family financially protected.
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