Rates on some term life insurance products soon to skyrocket

Americans are well aware that the struggling economy is affecting almost every aspect of their financial lives. From the stock market to home values to jobs -- all are caught up in the same global quagmire of uncertainty.

But one financial issue that has yet to add to the fray is the cost of term life insurance. While some consumers are attempting to pay less for term life insurance by shopping around or decreasing coverage levels, they have not yet faced a drastic uptick in the basic costs.

That may soon change...

WREX Rockford NBC: Rates on some term life insurance products soon to skyrocket