Life.insurance123.co.za Reports Local Market Remains Under Pressure
FOR IMMEDIATE RELEASE
Mendham, New Jersey, USA (August 2009) – As the economy continues to struggle along for many households, life insurance premiums are being cut or eliminated by many of these families. Life Insurance123 reports that, on the whole, life insurance policy renewals as well as new accounts are both under pressure as household incomes decrease.
As households begin to see a decrease in their monthly earnings, many families are beginning to reduce their life insurance policy payouts. This means lower monthly premiums, of course, but it also means less money should the policy be redeemed at the passing of a loved one or major breadwinner. This trend according to Life Insurance123 (www.life.insurance123.co.za) is alarming on a couple of fronts. First, it means that families may not have the cash they need to pay off debts should the policyholder pass away. Second, it is bringing pressure down on local insurance markets as they strive to keep old business and create new business.
As a public service, Life Insurance123 is providing free access to their website where the public can learn more about the important of life insurance. The site contains several information articles that are all easy to understand and the use of the site is free.
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