MOST PEOPLE OVERESTIMATE THE COST OF LIFE INSURANCEIs it the cost of life insurance that you worry about? Or is it what you think life insurance would cost you?
It’s pretty easy to take a look and get you a quote. I’m the kind of person that shows you what is possible and then helps you make it happen. If something isn’t right for you, that’s okay. But peace of mind for your family may not cost nearly as much as you think. And if you’d like a down-to-earth conversation about life insurance, don’t be afraid to ask. You may have questions and there may be many things you didn’t know about how it can benefit you and your family. |
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PEOPLE ARE UNDERINSURED, AND MOST KNOW THEY NEED IT OR NEED MORE ... I WILL HELP!Almost half (44%) of those surveyed state that they would feel a financial impact within six months if the primary wage earner were to pass away. More than a quarter (28%) would feel it within one month. This doesn’t need to become a reality, but as more consumers delay taking action they are putting their loved ones at risk. Source: LIMRA 2020
One thing that deters consumers is their perceived cost of life insurance. Since the study began, consumers have consistently overestimated the cost of life insurance. The study shows more than half of Americans estimating the cost of a term life insurance policy at more than three times the actual cost. Younger Americans are likely to estimate the cost to be as much as five times the actual cost. Source: LIMRA 2020 ...perception of cost may be the most significant barrier. Half (50%) of Millennials believe the estimated yearly cost for a $250,000 level-term life insurance policy for a healthy 30-year-old is $1,000 or more when in actuality, it’s closer to $160 per year. Other top reasons people do not own (more) life insurance are: 
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