The proceeds from your life insurance policy can benefit your loved ones in many ways, from paying off your outstanding debts to providing supplemental income for your spouse and children to covering funeral and burial expenses. Life insurance policy payouts average $168,000.1 As the policyholder, you can—and should— name beneficiaries of the policy. Generally, [...]
About 90 million Americans depend on life insurance for financial protection and retirement security.1 An almost equal number say that they either do not have any life insurance or need more life insurance.2 More than one-third say they plan to purchase coverage in the next year.3 With very few exceptions, life insurance can benefit [...]
According to a new study from LIMRA and Life Happens, two nonprofit industry trade associations, a record-high number of American adults—approximately 102 million—either do not have life insurance or do not have enough coverage.1 Misunderstandings about how much life insurance costs and what type to purchase are the largest barriers to purchasing a policy. [...]
