It's the 20th anniversary of Life Insurance Awareness Month — and there's increasing evidence that life insurance and financial increases people's overall sense of financial security. Right now, there are over 100 million uninsured, or under-insured, Americans. Among those who do own an appropriate level of life insurance coverage, the impact is obvious.
There are several key demographics where the lack of insurance is notable: 49% of Gen Z, 47% of Millennials, 44% of women, and 49% of Black and Hispanic adults do not have sufficient life insurance coverage. This is particularly important when you consider that
Whether you want to learn more about life insurance for your own benefit, to help a loved one, or to provide resources to your employees, you'll find the information you need in this list of resources and infographics from the Life Insurance Marketing and Research Association:
In addition to providing vital coverage, life insurance also has several income tax advantages, as death benefits are generally paid out tax-free, and the total cash value accumulates on a tax-deferred basis. Want to learn more? Contact the Robin S. Weingast & Associates team to start the conversation on the many benefits of life insurance.