& Guaranty Life Insurance Company
Guaranty Life Insurance Company has been in business since 1959 when it
started in Baltimore, Maryland where it is still headquartered today.
Currently Fidelity and Guaranty is licensed in 49 states and the
District of Columbia and does business in New York through its subsidiary
Thomas Jefferson Life. Fidelity
is part of The St. Paul Companies based in Minnesota and providing insurance
products throughout the world. As
of 1998, the company has amassed over $10 billion of life insurance in force
and as of March 2000 has statutory assets of $4.5 billion.
Best – A
& Poor’s – AA
Life insurance is an agreement by an insurance company to pay
a specified sum when someone dies. The agreement is a contract between the
insured person and the insurance company that provides the insurance. If the
insured dies while the life insurance policy is in force, then the life
insurance company pays the death benefit according to the beneficiary
designations that the insured has provided.
IS LIFE INSURANCE NECESSARY?
Life insurance is necessary for peace of mind. It provides the guarantees that your family will be taken care of financially in your absence. Life insurance lets those who depend upon you know that even if you are taken prematurely by an un-foreseen death, you have taken care to provide financial support for your dependents who count on you. Since term life insurance premiums are so affordable it is now a simple matter to protect your families most important asset.... You.
TERM LIFE INSURANCE VS. CASH-VALUE LIFE INSURANCE
Current competition among life insurance companies has dramatically lowered life insurance premiums. A term life insurance policy offering $250,000 worth of life insurance protection that cost $600 a year, just seven years ago, would have an annual term life insurance premium of about $275 today. When we say we can save you 25 - 60% on your term life insurance premiums it is not just marketing hype.