September is Life Insurance Awareness Month
1. The largest age group of people
with life insurance
are those with families,
and/or above the age of 50.
Generation Y, or those born between the early 1980s and the early 2000s are the largest group of people purchasing life insurance.
2. Life Insurance is TOO expensive.
63% of people believe life insurance is too expensive, therefore justifying why they are opting out. Studies show, however, consumers overestimate the cost of life insurance by nearly three-fold (LIMRA page 1).
3. People who opt out of life insurance believe they know everything there is to know regarding life insurance.
"There is a lot to learn- less than one quarter of middle-market customers are comfortable with their level of financial knowledge. More than three-quarters believe they would benefit from the close guidance of financial-services professionals," (LIMRA-Facts from LIMRA page 1).
Don't fall for the infamous
life insurance misconceptions...
If you’re one of the tens of millions of Americans who is underinsured, we urge you to get the protection you need, today. Contact the Solidarity Health Network today for more information.