Family Needing Life Insurance

According to LIMRA research, thirty-five percent of households would have financial difficulty within one month of a primary wage earner passing. Despite 59 percent of consumers having some type of coverage (individual or group), about 1 in 5 of those owners say they don’t have enough.

Sixty-Three percent of consumers say life insurance was too expensive. However, research shows that most consumers tend to overestimate the cost by three times its actual amount. Additionally, almost half of Millennials overestimate the cost of life insurance by five times the actual amount!

Life insurance is affordable. Contact McMichael Insurance for a quote that will surprise you 🙂 Call 330-626-4972.

 

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