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%