A.M. Best Offers Helpful Insight into Life Insurance Options

OLDWICK, N.J.--(BUSINESS WIRE)--A new multimedia feature available at A.M. Best Co.’s Consumer Insurance Center will help consumers learn what to do if the premiums on an existing life insurance policy are no longer affordable.

This latest feature in the ongoing consumer-oriented series helps explain that life insurance policyholders have other options besides stopping to pay their premiums and letting their policies lapse. Consumers might not know they have better options, including: cashing the policy in for its surrender value; seeking an accelerated death benefit; exchanging the policy; taking a loan out against the policy; or seeking a life settlement.

Upcoming features will discuss what’s new in disability insurance, as well as health and retirement products, plus offer tips on homeowners and car insurance.

Your information resource about buying insurance as well as the financial stability of the insurance companies that sell those products is available at www.ambest.com/consumer.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.