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 Life Insurance: The Numbers Don’t Lie

Life Insurance: The Numbers Don’t Lie

If something happened to an adult worker in 56% of American households, there would be insufficient. funds to cover funeral costs and other expenses. That’s why it’s important to have enough life insurance. I understand your reservations so I found some of the most recent statistics (from 2021) on life insurance to help you get the big picture. I’m sure you’ll find them to be as staggering as I did!

  • Do you ever wonder if all this life insurance talk is just a bunch of hype?
  • I mean, do people really need it?
  • Will I truly regret it if I don’t purchase soon?
  • It all sounds like a great marketing ploy, right?

54% percent of American adults have life insurance

Of the American adults with life insurance, only 27% have group coverage — which usually isn’t enough (and is rarely portable) *This means less than 15% of Americans are adequately covered! Are you in 85% Of those insured, 40% wish they had purchased their policies at a younger age? Get insured sooner than later!

Rates for smokers cost 2x to 3x more than nonsmokers (but a year after you quit smoking, most companies will offer you nonsmoker rates. Improve your lifestyle habits. They really do make a huge difference in your rates. The average difference between the least expensive and most expensive rate for the same person across insurance companies is 35%!

life insurance statistics in Massachusetts

Don’t accept the first policy to cross your desk!

In case you need it repeated, only 15% of all Americans have adequate coverage. Even if your employer offers you life insurance, you’re most likely not in that 15%. Do you really want to risk it any longer? If you want to know if your coverage is enough if you’re paying too much, or how you can improve your lifestyle to lower your rates, schedule a call with me so we can look into it together.

40% of Americans regret not acting sooner… don’t let yourself fall into that statistic too!

Life insurance is one of the most important purchases that you can make. It provides peace of mind in knowing that you and your loved ones are taken care of financially if something happens to you. However, many Americans are underinsured, which means they do not have enough life insurance coverage to meet their needs.

Here are some scary life insurance statistics:

  • Only 41% of American households have any life insurance at all.
  • The average amount of life insurance coverage per person is only $200,000.
  • 56% of American workers have less than $50,000 in total savings and investments.

This means that if something happened to an adult worker in 56% of American households, there would be insufficient funds to cover funeral costs and other expenses. It is important to have enough life insurance coverage to protect your loved ones in the event of your death. You can get a free quote from LifeHappens.org to find out how much coverage you need. Make sure you are not one of the scary statistics!

Only 41% of American households have any life insurance at all

The average amount of life insurance coverage per person is only $200,000. 56% of American workers have less than $50,000 in total savings and investments. If something happened to an adult worker in 56% of American households, there would be insufficient funds to cover funeral costs and other expenses.

It is important to have enough life insurance coverage to protect your loved ones in the event of your death. You can get a free quote from https://i.buyinsurance.life/ to find out how much coverage you need. Make sure you are not one of the scary statistics!