The number of American households who carried life insurance has declined from 55% in 1995 to 44% in 2010 and by 2014, the number has decreased further. Another statistic from 2013 shows that although almost 86% of customers say that life insurance is an important investment, only 65% have individual life coverage.
Market analysts say that a number of factors have contributed to this decrease. High prices and a complicated application process that requires a lot of paper work seem to have had the biggest influence. Insurance agents and websites have tried to raise awareness of this worrisome development in the market.
Some steps have been taken to make life insurance more appealing for American families. Several agencies have released plans without asking applicants to go through medical examinations. By taking higher risks, agencies have managed to create a product that can be purchased faster and in a more convenient way.
These plans are not yet as popular as other, more traditional policies. However, there are many policies available. Clients can compare online life insurance quotes to find affordable rates. For more information about these products, people can access Lifeinsurancenomedical.us, an insurance brokerage website that specializes in this type of life coverage.
Lifeinsurancenewyork.info is an online provider of life, home, health, and auto insurance quotes. It is unique in that this website does not simply stick to one kind of insurance carrier, but brings the clients the best deals from many different online insurance carriers. This way, clients have offers from multiple carriers all in one place, this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
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