Shopping for a term life insurance quote? The Treasury's got your back

Various media outlets reported on Tuesday that the U.S. Treasury has found certain insurance companies to be eligible for federal TARP funds, which should come as good news to investors, as well as anyone currently in the market for a term life insurance quote.

Up to this point, the government's Troubled Asset Relief Program has largely benefited prominent financial companies saddled with excessive investments in toxic debts.

A Wall Street Journal report said that within the next couple of days, the Treasury will announce that certain life insurance companies are also eligible for the funds.

According to the Journal, insurers that also own federally chartered banks will qualify for TARP money. The newspaper also noted that a number of insurance companies have been having trouble raising capital lately because of economic problems, including credit losses.

Even before the announcement, the news had a positive impact on life insurance company stocks during Tuesday's trading. Along with reassuring a nervous stock market, the news may also be helpful for anyone in the market for a term life insurance quote, since they can be more confident their investment will be more secure in the long run.

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