The U.S. Life Insurance Gap
November 29, 2021 by Andreja Stevanovic
So far, 2021 has had the highest growth in life insurance policy sales in decades. Following many unprecedented circumstances — a global pandemic, months riddled with climate-induced extreme weather, and much more — thousands of Americans decided that life insurance may not be a luxury, but a requirement. Just as COVID-19 and natural disasters have disproportionately impacted low-income Americans, access to life insurance remains uneven. While everyone hopes to be able to protect their loved ones financially for the long-term, the reality is that not everyone can afford to — or may not believe they can afford to.
My firm provides insight and content that insurance sites can use to educate consumers about the policies that will best benefit their specific needs. As a firm, we acknowledge that the first step in making any investment is education.