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"No one likes to think he or she needs life insurance," said
Family members often are left to cover both unpaid debts and new costs resulting from a death. In fact, the 2013 Aflac WorkForces Report found that 57 percent of U.S. workers don't have a financial plan to handle the unexpected, and 25 percent have less than
Possible financial implications due to an unexpected loss of a loved one include:
- Mortgage: The national average amount for a home loan ranged between
$215,000to $235,000in 2012.2
- College Tuition: The average price for a four-year undergraduate tuition is
$57,168at a public institution and $151,072at a private institution during the 2011-2012 academic year.3
- Final Expenses: Funeral costs can surpass
Life insurance offers more than just financial support — in fact, 66 percent of Americans believe that life insurance provides policyholders peace of mind.5
When a policyholder gets sick or hurt,
1 2013 Aflac WorkForces Report, a study conducted by Research Now on behalf of
3 "Digest of Education Statistics: 2012,"
4 "The High Cost of Saying Goodbye,"
5 2012 Life Insurance Awareness Month, LIMRA,