Tuesday, 12 September 2006
Are You Underinsured When It Comes To Life Insurance? You're Not Alone…
Do you have enough life insurance? If you’re like nearly half of all Americans, you probably don’t.
A just-published study by LIMRA International reveals that 44% of households in the United States either don’t have life insurance and think they should, or have a policy but think they need more. And almost 75% of households don’t have a personal life insurance or financial advisor.
Some other facts about life insurance:
- 1 out of 4 men don’t have life insurance
- 2 out of 3 men between the ages of 18 to 24 don’t have life insurance
- In 2004, the average amount of life insurance coverage was $146,300
- 3 out of 4 households that need more insurance think they can’t afford it
- 8 out of 10 consumers find it difficult to decide what kind of life insurance they should buy
- 2 out of 3 don’t know where to go to learn more about life insurance
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Posted by at 10:25 AM in Life Insurance
