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2810 Fieldstream Drive North

Wilson, NC 27896

 

Phone: 252-237-4357

Fax: 252-243-2681

 

March/April 2018

It's about Life (Insurance)

Some 60 million American households need more life insurance, but only one in four will shop for life insurance over the next 12 months. Fewer still will actually buy the coverage they need.


No Doubt about Need


Four in 10 people surveyed by LIMRA, a research organization for the financial services industry, say they would immediately have financial trouble if a primary wage earner died. About 30% would struggle with basic living expenses after several months.


Why so many underinsured? After all, LIMRA also found that while 85% believe life insurance is important, almost 19 million consumers were “stuck,” frozen into inaction because they don’t know what or how much to buy and how much it will cost.


Take Another Look


If you’re confused about life insurance, start with what’s offered through your employer. This will provide a solid foundation at a good price. Next, work with a financial professional to learn which type of life insurance makes sense for you. Ask questions to understand how much insurance you need and the cost of different options. It may be more economical than you think, particularly at younger ages.


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Active Planning & Investment Solutions and LTM Client Marketing are unrelated companies. This newsletter was created by LTM Client Marketing and was not written or created by the named financial professional and does not necessarily represent the views and opinions of Avantax Wealth Management® or its subsidiaries.
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