December 23, 1998
FOR IMMEDIATE RELEASE
CONTACT: CHRISTOPHER GOETCHEUS
MA Division Of Insurance Publishes and Distributes Free Consumer Guide For Buying Life Insurance And Annuities
(BOSTON, MA)The Massachusetts Division of Insurance (DOI) is distributing statewide a consumer guide entitled, "Buying Life Insurance and Annuities in Massachusetts". The 48 page booklet, published by the DOI, is intended to assist consumers in understanding the choices available to them in the life insurance and annuities marketplace.
The consumer guide addresses topics such as the kinds of insurance and annuities available, common pitfalls consumers need to be careful to avoid and how to choose among different products or companies. "Buying Life Insurance and Annuities in Massachusetts" does not recommend specific types of life insurance or annuity products or individual insurance companies. Consumers must make those decisions based on their individual circumstances.
Funding for the publication and distribution of "Buying Life Insurance and Annuities in Massachusetts" came from a consumer trust established as part of a Prudential Life Insurance Company settlement with the Massachusetts Division of Insurance.
During the week of December 21st, the Division of Insurance will ship copies of the free publication to public libraries and Councils on Aging offices statewide. "Buying Life Insurance and Annuities in Massachusetts" may also be viewed on-line at the Massachusetts Division of Insurance website at www.mass.gov/doi