life insurance policyholder Archives

Rising number of Americans turning to their life insurance in financial uncertainty

December 14, 2022December 13, 2022 G. Turner

A growing number of people in the US are using the policies to help get through inflation. The number of Americans turning to their life insurance policies to help get through inflation and economic uncertainty without having to tap into retirement accounts already suffering from 2022’s volatility. There has been a substantial increase in Americans taking out loans or withdrawals from policies. According to Massachusetts Mutual Life Insurance Co data, last quarter showed a 31 percent year-over-year increase in the number of Americans taking out loans from or withdrawing from…

Life insurance policies are being cashed in at an increasing rate

November 19, 2012April 30, 2013

The trend is for individuals and families to cash them in to try to help to make ends meet. Statistics have revealed that life insurance policies in Cyprus are a direct reflection of the continuing economic crisis, as 40 percent more policyholders have cashed in their policies during the first half of 2012 in comparison with the same time in 2011. These grim statistics were released by the Insurance Association of Cyprus. From January through June of this year, policyholders cashed in €111 million worth of life insurance, when compared…