If you’re thinking about purchasing a life insurance contract, you should take action before year end. The
National Association of Insurance Commissioners (NAIC) has seen the need to
make adjustments in the way that life insurance companies finance and carry
reserves on their policies. The most common increase in pricing for guaranteed
policies is projected to be between 8 and 15% for applications taken after
January 1, 2013. Some companies have already increased their prices.
