A recent study by LIMRA for the Life Insurance Awareness Month of 2012 discovered some interesting statistics.
1. 35 million Americans are uninsured and half say they need more life insurance coverage.
2. 7 in 10 women agree life insurance is a necessity.
3. One third of wives own no life insurance at all.
So, if people who need life insurance aren't buying life insurance, why not?
There are several very good reasons many Americans are not buying life insurance protection for their families.
One of the main reasons are they think they cannot afford life insurance.
In addition, 12% could not decide what type or how much life insurance to buy, 10% were afraid to make the wrong decision about what life insurance to buy, and 8% did not know enough about life insurance to make the right purchase.
However, 41% of life insurance shoppers said major life events like getting married, buying a home, or having a child, prompted them to look into buying a life insurance policy.
But why wait to start educating yourself about the benefits of life insurance?
Especially since buying life insurance when you are young and healthy will help you lock-in a lower rate, and guarantee you have life insurance when those major life events take place.
Life insurance is a lot less costly than most people expect, especially term life insurance policies which may offer up to $250,000 of life insurance for a s little as $15 per month, depending on your age and health.
Compare life insurance rates and plans online today and find out how affordable it can be to protect your loved ones with term life insurance.
1. 35 million Americans are uninsured and half say they need more life insurance coverage.
2. 7 in 10 women agree life insurance is a necessity.
3. One third of wives own no life insurance at all.
So, if people who need life insurance aren't buying life insurance, why not?
There are several very good reasons many Americans are not buying life insurance protection for their families.
One of the main reasons are they think they cannot afford life insurance.
In addition, 12% could not decide what type or how much life insurance to buy, 10% were afraid to make the wrong decision about what life insurance to buy, and 8% did not know enough about life insurance to make the right purchase.
However, 41% of life insurance shoppers said major life events like getting married, buying a home, or having a child, prompted them to look into buying a life insurance policy.
But why wait to start educating yourself about the benefits of life insurance?
Especially since buying life insurance when you are young and healthy will help you lock-in a lower rate, and guarantee you have life insurance when those major life events take place.
Life insurance is a lot less costly than most people expect, especially term life insurance policies which may offer up to $250,000 of life insurance for a s little as $15 per month, depending on your age and health.
Compare life insurance rates and plans online today and find out how affordable it can be to protect your loved ones with term life insurance.
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