Lincoln Financial Group Research Uncovers Opportunities to Help Consumers Achieve More of Their Financial Goals with Life Insurance
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This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170905005148/en/ Lincoln Financial research highlights the importance of engaging with financial advisors and leveraging resources at the workplace to better understand the benefits of life insurance. (Graphic: Business Wire) "It's good to see that nearly all consumers recognize the importance of life insurance, but unfortunately, many are missing a deeper understanding of what it can do for them," said
Although known primarily for death benefits, many types of life insurance policies also offer 'living benefits' that can address various financial concerns while policy owners are alive. Not surprisingly, research finds that many are unaware of these possibilities. Just 31 percent of consumers say they know that life insurance can help with medical and long-term care expenses, only 21 percent are aware that retirement income is a potential use for life insurance, and only 14 percent realize it can help with college funding. Making Informed Decisions "There are a variety of resources available to help consumers make informed decisions on life insurance coverage, starting in the workplace," said
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