Life Insurance Rates Low cost life insurance

Life Insurance Rates Low cost life insurance

LIFE Foundation and LIMRA found that the Average American grossly overestimates the cost of life insurance coverage. In fact, survey respondents overestimated life insurance rates an average of 3x the actual cost. That’s right; three times! The average annual cost of a 20-year, $250,000, level-term policy for a healthy 30 year old is only $150 though those surveyed estimated an average of $400 per year. Knowing that there are 20 year term life insurance rates available for as little as $150 a year;  Low cost life insurance

Cigna® Health Insurance Barometer Study, found that 99% of consumers who feel they need more life insurance do not purchased added protection because they feel that the coverage is “too expensive.” What does this tell us? Many Americans are choosing to forego the coverage they need for fear of soaring life insurance rates.

Low cost life insurance

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Another study, by our friends at LIMRA found that women, minorities and young adults are the most underinsured and the most unaware of the life insurance coverage options available to them. In fact, 33% of women, 42% of African Americans and 37% of Hispanics surveyed believe they need more life insurance. With so much misinformation about life insurance rates and so many working Americans feeling underinsured, those of us in the life insurance industry have our work cut out for us.

Low cost life insurance  into this category, we encourage you to read these recent blog posts

X Cigna® Health Insurance If you are one of the millions of American’s under the wrong impression about the cost of life insurance rates, quote today Low cost life insurance Let us help you determine just Cigna® Health Insurance

Interested in learning about life insurance rates and coverage? We encourage you . Here we will be addressing the topics and issues that Low cost life insurance.