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Pension Fix for Life Insurance Co. In a bid to shore up lax sales and also address the growing problem of people growing older without sufficient financial coverage many US life insurance providers have grouped together to lobby a solution to the ailing pension system. The potential changes would mean a voluntary contribution scheme much like a permananent life insurance scheme with rolling cash benefit but applied to the pension system. It is suggested that this system will better handle the stresses of economic slowdowns and future rising inflation. The Vital Expense In the grasp of the current recession many people are finding it hard to make ends meet, especially if they have been laid off. Many are letting go of their life insurance policies but not thinking about the long term implications of this. Letting go of your life insurance policy will grant you some cash flow allowance but will cost your family dearly in the future when the lose your income to the family. When looking to drop your life insurance policy, look at the current financial health of your family minus your income then compare that to the few extra dollars you save from not paying the premiums. At the worst, get another insurance company to provide you another life insurance quote to see if you can get a better deal. Moving to another insurer is much easier than re-applying for a life insurance quote once you have already cancelled.