Sometimes people throw away something good for something better, only to find out later that good was actually good enough and better never even came close Trade in an old Vette with half the rear window blocked for a sparkling brand new Vette with a rear window that opens. Now that's a Great Deal! It is hard to beat the ride, smell, and feel of a new automobile. Newer cars have more bells and whistles to provide a smoother ride and enhanced safety. What is important is that it addresses your needs. The low interest rate environment since 2008 is a key concern for life insurers because their assets and liabilities are heavily exposed to interest rate movements. In particular, their investments are concentrated in fixed-income securities that return interest, largely bonds. Moreover, their liabilities also are sensitive to interest rates. Specifically, many of their products, such as annuities, have a guaranteed rate of return, usually in the form of interest that is credited. Life insurers' earnings mostly are derived from the spread between their investment returns, which are mostly interest, and what they credit as interest on these consumer products. During times of persistent low interest rates, the spread between interest earned and interest credited is compressed, which not only reduces net income for the insurer but also has forced them to lower the dividend they credit on in forced policies. So that means policies could lapse before the illustrated date even though the policy owner is still alive. Grass Isn't Always Greener The grass is not green on the other side. The grass is greener where you water it. Whether looking for diamonds or greener grass, the answer might be in your back yard. Name Email Address Phone Question Thank you! Oops!