Are droves of Americans being left without adequate life insurance?
It exposes a couple of problems. One, people don’t like to talk about life insurance, and the second, people say they have it at work. You need to own an individual life insurance policy that has a fixed premium and is portable. Question: You’re not just saying that to get new customers? Answer: We’ve had the No. 1 market share for five of the last seven years, and our life insurance is a very strong and profitable business. I feel like we have a responsibility to help people provide for financial protection. As an industry, we’re not meeting the need. It’s hard to create demand for it because people don’t want to focus on it. Today, only 60 percent of the adult population has life insurance protection, and in many cases, it’s not enough to meet their needs. I look at that, regardless of how strong and well we’re doing, as a problem and failure that we need to address. Question: The life insurance industry is an old and staid business. Have there been recent innovations, for example, i
Related Questions
- I’ve recently learned that my child’s school did not make adequate yearly progress. What is the No Child Left Behind Act and how will it enable my child to be more successful in school?
- Does a life insurance beneficiary have to pay bills left behind by the insured when they die?
- Are droves of Americans being left without adequate life insurance?
