Life insurance statistics in 2020
June 3, 2020 by Logan Sachon & Anna Swartz
Life insurance by the numbers
57% • Percent of American adults who have life insurance‡
32% • Of American adults with life insurance, the percent who only have group coverage — which usually isn’t enough (and is rarely portable)‡
10x to 12x • The multiples of your annual income that most financial advisors recommend you need when buying life insurance for income replacement†
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Wink’s Note: The uninsured/ underinsured problem is about to get worse! How can we ensure that people learn about the importance of life insurance? Join in on the discussion: CLICK HERE