Lincoln Financial Gets a Downgrade

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The Life Insurance Industry continues to get battered by the rating agencies!  Still realize that these companies although being downgraded could still be in reasonably good financial health.  Do your research and speak with qualified life insurance brokers or agents that can help review the carriers financials with you. 

Downgrades For Lincoln Life Insurance And Parent Lincoln National Corp. — Courant.com

Moody’s downgraded Lincoln Life Insurance Co.’s insurance financial strength rating Wednesday to A2 from A1, still in the “good” range, and lowered the rating on senior debt of the parent Lincoln National Corp. to Baa2 from Baa1, still in the “moderate risk” range.

The ratings remain under review for possible further downgrade. Moody’s said that is likely if Lincoln doesn’t receive government funds or address holding company liquidity issues. Moody’s expects continued depressed earnings and further investment losses.

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Life Insurance Underwriting Guide

Great article on the factors and issues that will arise when applying for life insurance. These are some of the most important items to watch for and discuss with your agent or broker. Identifying any issues up front can give you a better idea of what rate class you may be placed in and what your premiums may end up being.

clipped from law.freeadvice.com What factors are considered in individual life insurance underwriting? Life insurance companies each have their own extensive policy and procedure manuals they are supposed to follow in determining whether or not to issue an Individual Life insurance policy, and in pricing that policy. The insurer’s underwriters typically use a combination of factors that experience shows equates with the risk of death (and premature death).

How is Life Insurance used in Estate Planning

I’m going to be doing a little bit more concentration on the use of Life Insurance in Estate Planning. Really how long can the financial mess last, so I will need to focus on other topics. Estate Planning is at the core existence of Life Insurance. To provide liquidity for beneficiaries of the deceased. Good article below…

clipped from www.fedsmith.com Life Insurance is Essential in Estate Planning Estate planning is how you make sure that your assets – your lifetime accumulations – pass to your heirs in a manner of your design. It’s how you make sure your family is secure, and your assets end up where you want them. It’s taking care of your family, your business – whatever is important to you. Proper estate planning, whether through a will or some other vehicle, will make sure you, and not the state, decide where and how your assets are distributed after your death. Life insurance can give you options that make your planning an easier process. There are two basic ways in which life insurance can assist in your estate planning: There are more advanced uses of life insurance, many of which are geared toward business owners. Some of those examples follow: Credit Enhancement – Life insurance is often used to stabilize a business concern’s financial position and serves as a valuable asset to pledge as collateral.