While some of us may be reluctant to purchase life insurance, the reality is, 1 in 3 household would have immediate trouble paying living expenses if the primary wage earner died*. Also reported that, 40% of people haven’t bought life insurance or more of it because they’re unsure of how much or what type to buy*. Put simply, life insurance should be a staple in all households where possible, but it requires financial professionals educating families, individuals, and business owners on the correct insurance type and amount for their unique situation.
How would one find what type and how much is right for them? This answer is found by asking the right questions since no one answer will be the same for everyone. It has been our experience that when the right questions are asked the right protection is found.
Remember, life insurance is not purchased for us. Instead, it is purchased for those we love to insure they will be okay after we are gone.
What’s the next step? We recommend talking to a financial expert that knows the right questions to ask to assure the correct steps are made to protect those you care about. Or, use the tools below to get quotes on some available products.
*2016 Insurance Barometer Study by Life Happens and LIMRA.