Industry's Stability Likely to Preserve Good Life Insurance Rates

A recent report suggests that life insurance rates will remain stable in the long-term despite some financial setbacks for the industry in 2008. A recent report suggests that life insurance rates will remain stable in the long-term despite some financial setbacks for the industry in 2008.

The report from Conning says that the life insurance industry realized a net loss of $51 billion in 2008 because of the recession and falling stock markets, with a surplus that fell 13 percent to $273 billion. However, the financial research company predicts that the industry will start to see a turnaround as early as 2009.

"Our latest forecast for the life-annuity industry projects net operating gain to recover, but realized and unrealized capital losses will continue to challenge the industry at least through 2009. While the industry will show a net statutory operating gain in 2009, it will be far below the robust levels of 2003 through 2007," said Terence Martin of Conning.

The report projects that the industry's overall financial surplus will grow 23 percent to $337 billion in 2011, and that further gains could be realized due to an increased emphasis among consumers on things like financial and retirement planning.

Since the bulk of the recession's challenges seem to be behind the industry at this point, consumers are likely to find it easier to secure reasonable life insurance rates in the coming years. For more on protecting your family with life insurance, visit InsureMe.com today.