ASLII Divulges New Life Insurance Ideas For Investors - Entrepreneurs

Online, December 5, 2010 (Newswire.com) - Kansas City, MO - Newly formed American Society for Life Insurance Investors (ASLII) will soon be releasing the most current data that investors and entrepreneurs can use as a tool for investing and strengthening their portfolios.

Founder John Wagner was quoted as saying, "We have been studying the life insurance market for about two years and the term life insurance market is producing rates lower than ever seen before. To help investors or entrepreneurs stabilize their current portfolios in this very tough economy, it is now more important than ever to take a strong look at life insurance."

In the recent downturn in the economy, consumers are doing away with their life insurance coverage. It is in fact lower than it has been in the last 50 years. Life insurance is not a mandatory form of insurance like there is in the auto and home insurance markets.

One of the very important things that, unfortunately, is happening is that because of the bad economy, consumers are simply not paying their life insurance premiums. This causes a "lapse" in their policy and it's one of the worst things that you can do. Usually, whenever a payment is 30 days past due, it is considered a lapse. The policy then becomes inactive. This in turn, makes those who are listed as beneficiaries will not be eligible to receive benefits from the death of the insured.

Wagner said, "If financially, you have a family to support after your death, in today's terrible economy, letting your policy lapse will leave your loved ones in a very bad spot. You must realize that having your policy current is now more important than ever."

Consumers should be advised that it might be smarter to simply reduce the premiums rather than letting it lapse. A good idea would be to set up automatic payments so that you do not accidentally forget to pay it. You could also remind yourself via a calendar or tape a recording to yourself. Wagner stated that, "We expect to have our website up and running within the next three months that will be loaded with other valuable tips for the investment crowd."