10 facts about life insurance facts about life insurance 65% of americans say they need life...
Post on 31-Mar-2018
216 Views
Preview:
TRANSCRIPT
10 Facts About Life Insurance
65%of Americans say they need life insurance1
Three in tenAmerican households have no life insurance3
Eight in tenoverestimate the true cost of life insurance5
In 2015
132 million Americansrelied on life insurance to protect their financial security.6 That same year, the US population estimate was 322 million.2
26% of Americans statethey own a life insurance policy for the main purpose of
paying off their mortgageif they were to die unexpectedly6
84% of people 46 –49have average mortgage debt
of more than $209,0005
1 in 3 homes would have
immediate trouble paying living expensesif they were to lose their primary wage earner3
In 2013, life insurance companies paid more than
$548,000,000in benefits4
The average amount of lifeinsurance coverage for American adults is
1 in 4 Americans say they
need more life insurance
than they currently have3
$167,000
1_3
1 2014 Insurance Barometer Study LIMRA / Life Happens 2 census.gov/popclock 3 2016 Insurance Barometer Study LIMRA / Life Happens 4 Facts from LIMRA Life Insurance Awareness Month, September 2013
5 Average Middle Market Debt and Retirement Planning August 2014, LIMRA6 2015 Insurance Barometer Study LIMRA / Life Happens
Life insurance issued by Protective Life Insurance Company. A life insurance policy is intended to pay a death benefit amount at the death of the insured. The above options are a few ways in which a death benefit could be used. SM.1043.09.16
4
40%
top related