Life Insurance: Let’s Just be Honest. You Don’t Want to Talk About it; But You Should
Many people do not want to talk about life insurance because it is a touchy subject. But if you have people who depend on you for their financial well-being, then obtaining a proper life insurance plan should be on the top of your to-do list. Keep in mind that life insurance isn’t for you, it’s for the ones that you love. It will give you the peace of mind that if the worst were to happen to you, those closest to you will be able to continue on towards the future you envisioned for them.
- 85% of consumers agree that most people need Life Insurance, yet only 62% say they actually have it – according to a 2013 LIMRA Life Insurance study.
- 5 million more households had life insurance coverage in 2016 than in 2010. However, 30 percent of households (nearly 40 million) still remain uninsured – according to a 2016 LIMRA Life Insurance study.
- Although more households were insured in 2016 than in 2010, the amount of coverage has declined in that same time. Across all age groups, the replacement of income rate has fallen from on average 3.5 years of income in 2010 to only 3 years of income in 2016, far lower than most industry recommendations.
- 1 in 5 households with children under the age of 18 were found to be underinsured in 2016. Of those households with no life insurance nearly three quarters of them recognize the need for protection and nearly two thirds admit they would be in immediate financial trouble if the primary wage earner died
When you have confidence in your Insurance Advisor, you have greater peace of mind knowing that your family will have the financial resources needed, even when disaster strikes. To get started on your customized solution, contact one of our Licensed Advisors, or Request a Proposal and we’ll get to work right away.