statistics about life insurance Archives

Points to think about when you buy life insurance

May 12, 2013February 15, 2014 Guest Author

The moment you decide to start a family life, your brain begins to plan for the future. It is natural for anyone of us to think and plan about the good life of our loved ones even when we are gone. This very moment is the point when you start to ponder over a life insurance policy. There are several insurance companies trying to attract you with various schemes and coverages but ultimately a long term plan comes down to deciding between universal life insurance or whole life insurance. The…

Report shows consumers think life insurance is almost three times more costly than it is

April 29, 2012May 26, 2012 Julie Campbell

A study performed by LIMRA and the LIFE Foundation has revealed many consumer misunderstandings of life insurance coverage. LIFE Foundation and LIMRA released a report based on the findings of a joint study that has shown that consumers have many misunderstandings about life insurance – such as its cost – and that this might be deterring them from seeking to obtain coverage that could be very beneficial to them. The participants in the survey were requested to provide their best guess as to how much a 20-year level-term life policy…