How Safe are Life Insurance Companies?

We frequently discuss high cash value life insurance here at the Money Advantage, yet with the financial uncertainties of COVID-19, how safe are life insurance companies? https://www.youtube.com/watch?v=j9TZZf6hYjY How strong is the life insurance industry really? What impacts do today's low-interest rates, economic turmoil, and the pandemic have on my long-term growth rates and the policy guarantees? How do they affect the life insurance industry as a whole? Do insurance companies have enough reserves to weather low returns and higher costs? Are they able to maintain their guarantees? Are they still a safe place to put money?  If you want to see how low interest, low bond yields, and higher mortality can impact you as a policy owner, know if you can trust whole life guarantees for cash value and death benefit, and find out how strong this nearly indestructible industry is during unprecedented times, so you can know what to do, tune in now! In this episode on the safety of life insurance companies, you'll learn: * How interest rates and bonds affect the life insurance industry* Why the US is better off right now than you'd think* A brief history of the life insurance industry* The "checks and balances" of mutual insurance companies* And why COVID isn't impacting the industry as much as you'd expect Right now, many financial products and systems are in flux. That uncertainty may not instill confidence in your financial future. COVID-19 has certainly impacted the financial sphere, so let's unpack what that means for life insurance. The life insurance industry has long been a pillar of certainty and financial stability, and fortunately, we have high hopes that this will continue to be the case. Historically, these companies have outlasted even the toughest of financial straits. Table of contents* The Safety of Life Insurance Companies is a Part of the Bigger Picture of Creating Wealth* How Safe Are Life Insurance Companies Facing Internal Challenges?* The History of the Life Insurance Industry* Low Interest Rates* Bond Yields Follow Interest Rates* Mutual Companies Are Positioned for the Long-Game* Mortality Isn't a Current Concern* So How Safe Are Life Insurance Companies? * Resources to Evaluate the Financial Safety of Life Insurance Companies* Ready to Start Your Life Insurance? The Safety of Life Insurance Companies is a Part of the Bigger Picture of Creating Wealth While the safety of the industry is a critical piece of protecting and preserving your wealth, it’s just one small piece of the bigger journey to creating time and money freedom. That’s why we’ve developed the 3-step Cash Flow System. It’s your roadmap to go from just surviving,