From the September 2011 issue of Benefits Selling:
Life insurance ownership is at a 50-year low—yet half of Americans recognize that they have a need for insurance, according to a LIMRA report.
So what is stopping most Americans from buying life insurance? One reason cited in the report is the difficulty of deciding what type of insurance to buy—term insurance only provides cheap coverage at a level price for a stated term of years, and whole life insurance provides expensive coverage with an inflexible premium payment regime. Today, consumers want control over their assets and life insurance with the ability to make changes as their family needs and circumstances change.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
