Strachan-Casale Insurance Blog

48 million US Households (44%) Believe They Do Not Have Enough Life Insurance!

7/12/2010 8:15:06 AM

The average person owns less life insurance (3.6 time income) than they believe they should own (5.6 times income)

Following the 9/11 attacks, the Victim Compensation Fund valued the future earning potential of victims at nearly 16 times income

Owners of life insurance say they purchase insurance to cover burial and final expenses, as well as for income replacement

4 in 5 owners of permanent life insurance and nonqualified annuities are middle income

Term Life Insurance gives you the most coverage for the lowest price.

Nearly 4 in 5 U.S. households own some type of life insurance

Life insurance paid out more than $56 billion in death benefits and $70 billion in annuity benefits in 2007

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