Each year, Life Happens and LIMRA join forces to take consumers’ “financial pulse.” The 2019 Insurance Barometer Study continues to track Americans’ financial concerns as well as what types of insurance coverage they have or feel they need. We also explore some “hot topics” like gaining life insurance coverage through the easier, quicker simplified underwriting process, and how social media is changing the way people find financial professionals to work with.
If you are concerned about outliving your savings, perhaps an income annuity will fit your needs. An annuity can offer a guaranteed lifetime income that you can’t outlive.
From getting married to having a baby to starting a business, there are lots of reasons why you’d want to consider buying life insurance. But maybe something is holding you back from getting the coverage you know (or suspect) you need.
Here are nine of the biggest reasons you’ll hear for not buying life insurance—and why you shouldn’t let them hold you back from considering coverage.
But so many people don’t seem to be getting that message. Only four in 10 are protecting their family with an individual life insurance policy. In fact, a third of Americans say that life insurance is a low or is not a priority when starting a family, according to this same study.
Most Americans agree that preparing financially for life’s unknowns is a way to show that you care. In fact, almost 2 in 3 think that having life insurance is key to taking care of their family financially. These are just some of the findings from the “2019 Insure Your Love Consumer Survey” by Life Happens.