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2810 Fieldstream Drive North

Wilson, NC 27896

 

Phone: 252-237-4357

Fax: 252-243-2681

 

September/October 2018

Life Insurance Statistics

Life Insurance Statistics

The following 2017 Insurance Barometer Study is from LIMRA, the financial services industry organization that measures such attitudes and trends, and the nonprofit Life Happens.


  • Four in 10 Americans wish their spouse had more life insurance.

  • Some 60 million Americans have an average life insurance needs gap (the difference between their actual coverage and their needs) of $200,000.

  • About 70% of husbands own life insurance, while only 63% of wives can make the same claim.

  • While 85% of Americans believe households should have life insurance, only 59% have it.

  • Four in ten households without life insurance would struggle to pay living expenses if their primary wage earner died.

  • Americans’ average life insurance coverage would replace three years of income, down from 3.5 years in 2010.


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