Life Insurance Facts
Eighty-four percent of Americans would agree most people need life insurance, yet when asked, only 57% said they needed any. (Insurance Barometer Study, LIMRA & Life Happens, 2018. Insurance Barometer Study, LIMRA & Life Happens, 2019)
In the event of a tragedy, life insurance can help pay bills and meet ongoing living expenses, pay off debt, including credit cards and mortgage, finance future needs like education, protect a spouse, pay for funeral costs and leave a financial legacy. (LIFE Happens, 2019)
57% of American households have life insurance. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
40% of families would immediately struggle to pay living expenses if the primary wage earner died. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
43% of Americans have no insurance whatsoever. (Insurance Barometer Study, LIMRA & Life Happens, 2019)
Did you know? Over half the population thinks term life insurance is over three times more expensive that it is? (Insurance Barometer Study, LIMRA & Life Happens, 2019)
Of the people who already have a life insurance policy, 1 in 5 admit they don't carry quite enough. (Insurance Barometer Study, LIMRA & Life Happens, 2018)
44% of Millennials overestimate the cost at five times the actual amount. (Insurance Barometer Study, LIMRA & Life Happens, 2018)
3 reasons for not having life insurance are that it's too expensive, I don't have time to get the coverage and I don't know what kind of coverage I need or how much. (Life Happens, 2019)
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Western & Southern Life
Insurance | Retirement |Investments
The Western and Southern Life Insurance Company, Cincinnati, OH, operates in DC and all states except AK, ME, MA and NY. Western-Southern Life Assurance Company, Cincinnati, Ohio, operates in DC and all states except NY. Western & Southern Life is the marketing name for The Western and Southern Life Insurance Company. Each company is financially responsible for its own products and services.
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