Interesting Life Insurance Statistics

11.05
Interesting Life Insurance Statistics -

As we head into September, you hear a lot about Life Insurance Awareness Month. I wanted to take some time to share with you some interesting Life Insurance statistics. In the reading, think about your own situation. Are you underinsured? What does your family do if the unthinkable were to happen. Some facts from LIMRA International's Life Insurance Awareness Month

Millions of Americans have no life insurance coverage.

  • Only 61 percent of adult Americans have life insurance protection, a decrease of 70 percent in 1984.
  • Only 41 percent of adult Americans have an individual life insurance. Many rely on group insurance, leaving them vulnerable if they lose a job.

Most people who have insurance coverage do not have enough.

  • need to average life insurance is about $ 459,000, but the average amount of owned life insurance is $ 126,000. The average under-insurance is over $ 300,000.

More after the jump ...

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