Life insurance requirements are greatly underestimated by consumers

Life Insurance Over Age 50

According to recent research, the average policyholder should have $46,000 more coverage than they have. The majority of people who should be covered by a life insurance policy don’t even have one, but among those who do, the results of a recent study have suggested that they have typically underestimated the amount that they actually need. This means that if the worst should actually occur, the insurance payout may not be enough to cover beneficiary needs. SunLife recently conducted a study that has shown that the average payout from a…

Read More