Combined Insurance Encourages Consumers to Understand the Value of Life Insurance
Research, from the 2015
"Life insurance is one of the most important investments we can make in our lifetime—specifically, when we aren't prepared for the financial impact that comes with the unexpected loss of a family member," said
According to LIMRA's research, half of
Recent statistics from LIMRA's 2016 Insurance Barometer show that 64% of consumers do not want to purchase life insurance because they feel that it is too expensive. And at the same time, research shows that nearly two-thirds of Americans say that paying for their mortgage, groceries, and electric bills are preventing them from buying some or more life insurance.
"Many people overestimate the cost of life insurance with LIMRA's research finding that some people estimate the cost to be more than twice of what it actually is. In reality, life insurance is more affordable than a lot of people think," said
Features and benefits to look for when considering the purchase of a life insurance policy include:
- An insurance company with an established history, financial stability, and a high rating by insurance industry rating organizations
- A flexible plan that can be tailored to the needs of an individual or family
- A plan that provides for benefit payments to be made directly to the insured or insured's designee
More information about Life Insurance can be found here: https://www.combinedinsurance.com/us-en/Individuals--Families/Our-Products/Family-Life-Protector.aspx
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