A decline in the number of new life insurance policies being sold is currently taking place. Citizens are urged to evaluate their current circumstances and to consider how their families will be provided for in the event of their death.
Online PR News – 23-January-2010 – – Mendham, NJ 01/23/10 ' Life Insurance 123 is reporting a decrease in the number of new life insurance policies sold. This could prove to be a marker for bad financial times ahead for many families. The purpose of life insurance is to provide for the immediate needs as well as leaving something for the family to live on until they are able to get back on their feet. The recommended minimum life insurance that any person should carry is no less than five times their annual salary.
Life Insurance 123 is a South African-based company that works with many different insurance providers and provides a website where citizens can do and obtain multiple quotes in an effort to help them find the best deal on life insurance policies that fit their needs.
The site also offers advice about the two different types of life insurance policies; term life and whole life. A term life policy builds no cash value and pays the same amount whether the insured passes away on the first day of coverage or the last day before the term expires. A whole life policy, on the other hand, starts out with a limited payout but builds in value over time until it reaches maturity, at which point it is considered an asset that can be borrowed against, sold, or cashed in.
For more information about Life Insurance 123 or to obtain quotes on life insurance policies, South African residents may visit http://life.insurance123.co.za/. Members of the press may obtain more information about this company and its services by contacting
Justin Harrison Marketing
Bill box 311
Mendham, NJ 07945