Almost half of Americans (47 percent) say they are more likely to buy life insurance using simplified underwriting, which generally means getting coverage more quickly and without a medical exam*, versus traditional underwriting approaches, according to new findings from the 2019 Insurance Barometer Study.
According to a recent survey by financial services firm Edward Jones and nonprofit consumer-education organization Life Happens, 81 percent of Americans believe their family is their most valuable asset, but less than half (41 percent) are protecting their family with an individual life insurance policy. In fact, one third of Americans (32 percent) indicated that life insurance is a low or is not a priority when starting a family, according to the recent Protecting What Matters Most Study.
Prentiss Bullard was in high school when a car struck and killed his father in 2016. While Prentiss grappled with a harsh new reality and the inconceivable loss of a parent, Prentiss and his family faced incredible financial stress because Prentiss’ father did not have adequate life insurance coverage to protect his family and loved ones. While unexpected and tragic, this scenario plays out for countless families across the country who have not taken the necessary steps to include life insurance coverage as part of their financial plan.
The nonprofit Life Happens is pleased to announce the promotion of Faisa Stafford to president of the organization, effective Jan. 1, 2019. Stafford, the current COO and CFO, will continue putting her talents to work by leading the only not-for-profit organization in the insurance industry that is dedicated to educating Americans about the importance of life insurance and related products in a sound financial plan, and supporting industry members that sell those products.
When it comes to purchasing life insurance, consumers are engaging online and through social media platforms as a way to evaluate financial products and financial professionals.
For the second consecutive year, professional race car driver and athlete Danica Patrick is serving as the spokesperson for Life Insurance Awareness Month, the annual campaign coordinated by the nonprofit organization Life Happens each September. The goal of the campaign is to increase awareness about the importance of life insurance and encourage Americas to get the life insurance coverage they need to financially protect themselves and their loved ones.
Life Happens today announced the recipients of the Real Life Stories Client Recognition Program, an annual program that honors four insurance agents and advisors for their exceptional commitment to assisting families through times of adversity due to a disability or an unexpected death.
American consumers expect the life insurance industry to remain innovative and continue to meet their needs and preferences, according to the 2017 Insurance Barometer Study. The study finds that 70 percent of Americans who would consider purchasing life insurance would be interested in doing so without a physical exam, also known as simplified underwriting.
Life Happens, a nonprofit organization dedicated to educating Americans about the importance of life insurance, is now accepting applications for its annual Life Lessons Scholarship Program. Now in its 13th year, the scholarship provides financial assistance to students pursuing their dreams of a college education despite having experienced the tremendous loss of a parent or legal guardian who passed away without life insurance.
Rachel Tang, whose mother passed away from cancer when she was 19, and Kiristen Draughn, whose father unexpectedly drowned in a boating accident when she was 4, have both experienced the unimaginable loss of a parent and how drastically their lives would change as a result.
Life Happens, a nonprofit organization dedicated to educating Americans about the importance of life insurance, today announced the recipients of its Real Life Stories Client Recognition Program. This annual program celebrates insurance agents and advisors for their outstanding professional and personal commitments to supporting clients and their families in times of need.
Professional race car driver Danica Patrick hopes she can motivate people to take a fresh look at their life insurance needs this fall when she serves as spokesperson for Life Insurance Awareness Month. The annual campaign, which takes place in September, is coordinated by the nonprofit organization Life Happens to encourage the nearly 100 million Americans who do not have adequate life insurance to get the coverage they need.