Educating Consumers During Life Insurance Awareness Month

PR Newswire

CHICAGO, Aug. 31, 2018 /PRNewswire/ -- September is Life Insurance Awareness Month—a month designated to helping consumers understand the importance of life insurance, coordinated by the non-profit organization Life Happens. Combined Insurance, a leading provider of individual supplemental accident, disability, health and life insurance products and a Chubb company, joins these efforts to help educate consumers at all stages of life about the importance of life insurance.

"Life insurance is important at any stage in your life for the future protection of yourself and your loved ones," said Doug Abercrombie, Chief Agency Officer at Combined Insurance. "At Combined Insurance, we aim to educate consumers about their options and provide personalized support and understanding, so they can purchase the life insurance that best suits their needs."

According to a 2018 report published by LIMRA¹:

More than one third (35 percent) of all households would feel adverse financial impacts within one month if a primary wage earner died.
Among individuals with life insurance, about 1 in 5 say that they do not have enough.
In 2017, only 48 percent of employers offered life insurance to their workers, a 23 percent decline from 2006.

Additionally, LIMRA reported that 40 percent of people do not know how much coverage they need and what type of life insurance to buy. Millennials in particular, nearly six in 10, feel this way².

"We strive to make life insurance easy to understand, so you can have a peace of mind when the unexpected happens," said Abercrombie. "Our agents take pride in educating customers and offering the product that is right for them."

Combined Insurance issues a variety of life insurance products, and agents are available throughout the country, including Puerto Rico, to meet with prospective customers and discuss their insurance needs.

Consider the Family Life Protector, a simple whole life policy that is intended to pay for final expenses, and offers a term life rider that provides accelerated death benefits to help cover costs while you are still living³. This combination of benefits can give consumers the best of both worlds⁴.

With nearly 100 years of success in the industry, Combined Insurance was founded on 'doing the right thing, because it's the right thing to do'—a quote coined by the company's founder, W. Clement Stone.

Combined Insurance Company of America has an A+ (Superior) financial strength rating by A.M. Best, one of the world's top insurance rating firms. The company has also been recognized for eight consecutive years on Ward's 50® Top Performing Health-Life Insurance Companies list.

Click here to learn more about Combined Insurance products and career opportunities.

About Combined Insurance
Combined Insurance Company of America (Chicago, Ill.) is a leading provider of individual supplemental accident & health, disability, and life insurance products and a Chubb company. With a tradition of nearly 100 years of success, Combined Insurance is committed to making the world of supplemental insurance easy to understand. The company has an A+ rating by the Better Business Bureau and is one of Ward's Top 50® Performing Life-Health Insurance Companies. Combined Insurance is ranked the number one Military Friendly® Employer in the over $1B revenue category for 2019 by VIQTORY. This is the company's eighth consecutive year on the top 10 list and fifth consecutive year in the top 5—Combined Insurance was previously named the number one Military Friendly® Employer in the nation for 2015 and 2016. For more information, please visit combinedinsurance.com.

About Chubb
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com.

¹ Facts About Life 2018 Facts from LIMRA Life Insurance Awareness Month, September 2018. ² Facts About Life 2018 Facts from LIMRA Life Insurance Awareness Month, September 2018.
³ Accelerated Death Benefits may be taxable and may impact eligibility for certain public assistance programs.
⁴ The information provided by this document is only a brief description. See the actual policy for complete details of the policy plans, features, benefits, options, rates, definitions, limitations, and exclusions. Products vary by state and are subject to availability and qualifications. Family Life Protector is issued by Combined Insurance Company of America in all states, except New York. In New York, Family Life Protector is issued by Combined Life Insurance Company of New York (Latham, NY). Combined Insurance Company of America is not licensed and does not solicit business in New York.