Southbourne Group Singapore, Tokyo Japan on a Universal Life Insurance Can Hold a Dire Problem

If you are involved at present in a tussle with your life insurer over the escalating costs of their universal life premiums, you may need this article like a shot in the arm. Within the past couple of years, scores of universal life insurance policyholders have been adversely affected by the double-digit premium increases from firms such as Axa Equitable, Transamerica and Voya Financial. And more premium increases, particularly to long-time policyholders, are still coming. Universal life was developed in the 1970s and accounted for one-fourth of all of life insurance policies bought from the ‘80s to the ‘90s. This development will affect tens of millions of people who will have to eventually deal with huge premium increases.