Are company's COI (Cost of Insurance) rates public? Or are you required to be an agent of theirs to gain them?
Is it in the prospectus? Where can I find them to compare companies.?
Answers:
I worked at a life/health/disability insurance company for almost 3 years and the how a company determines their cost of insurance is pretty much a secret formula. Those companies who hold figured it out are very successful and those who gain it wrong go bankrupt surrounded by crisis. You might find some information on COI in the prospectus but I promise you that it won't be the whole story!
If you're trying to determine which company to purchase your insurance from, I would look at the financial ratings, the assets and the mortality/morbidity rates to determine the strongest company.
Related Questions:
Answers:
I worked at a life/health/disability insurance company for almost 3 years and the how a company determines their cost of insurance is pretty much a secret formula. Those companies who hold figured it out are very successful and those who gain it wrong go bankrupt surrounded by crisis. You might find some information on COI in the prospectus but I promise you that it won't be the whole story!
If you're trying to determine which company to purchase your insurance from, I would look at the financial ratings, the assets and the mortality/morbidity rates to determine the strongest company.
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