Life Insurance in the Year 2000

Many changes have led up to the year 2000 and few believe that we have seen the end. Today, the Internet is not only a major source for information it has also become the instrument that, according to many, will propel changes rivaling those that accompanied the industrial revolution.

Most companies, including those offering financial services, have been affected. Few would have predicted trading or banking "on-line" yet it is no longer a novelty. Life insurance companies have not been left behind. There have been more product changes and enhancements in the last few years than we have seen in the last century. For many decades "Whole Life" was the foundation product of the industry. It is rapidly being replaced by universal life type of policies that address new concerns and focus on new planning opportunities for consumers. Term insurance, an inexpensive form of life insurance to look after temporary needs, is still available.