Learning more about the statistics surrounding life insurance can give us some insights into how people feel about it, whether or not they have the proper insurance coverage, and help you learn more about whether you fall into the same camp (and what can be done to make sure you have proper life insurance coverage moving forward). Here are some surprising statistics about life insurance that we found fascinating. If any of these convince you to purchase life insurance for yourself, you can begin here with our help at Capretta Insurance Agency, serving Parma, OH.
Insightful Statistics About Life Insurance
- Life insurance is generally perceived as being too expensive. Around 52% of people have stated that the reason they don’t currently have a life insurance policy is that it’s inherently prohibitive.
- Unsurprisingly, those who tend to think that the cost of life insurance is too high believe so without knowing the actual cost of life insurance. Around 72% of people overestimate how much a basic life insurance policy costs. Another study found that over half of Americans believe life insurance to be three times more than what it actually costs.
- Around 33% of Americans believe that they are underinsured. If you feel this way, it may be time to look into whole life insurance or seek out add-ons that will enhance your life insurance coverage.
- 50% of Americans said that they would buy life insurance if it didn’t require a medical exam. You can do this, however! The only trade-off for skipping the medical exam is higher premiums.
Get Covered With Capretta Insurance Agency
If you don’t have life insurance yet, don’t wait any longer! The team here at Capretta Insurance Agency, serving Parma, OH, will help you compare and understand your options so that you have sufficient coverage for your loved ones. Compare life insurance quotes with us now!
