"According to Life Insurance Marketing and Research Association International (LIMRA International), 78 percent of American families owned some type of life insurance in 2004."
"In the United States at year-end 2008, 54 percent of all life insurance policies in force is Term Life insurance."
"Of the new individual life insurance policies purchased in 2008, 43 percent, or 4 million policies, were term insurance."
This means that a majority of people are now looking at term life insurance. Of the American families, 22% seem to remain unprotected, about 38% are unproperly protected with whole life and 40% are protected with term life insurance. The big companies out there have obviously taken advantage of the public for too long. With financial education rapidly reaching those who need it, we are in for a good run.
For those of you who continue to read, you should be proud of yourself. Remember to take several different opinions from various sources and to use logic when sorting through the various arguments.
This post was reposted from http://finlit.biz/life-insurance/3-great-statistics-regarding-term-life-insurance/, originally written on February 4th, 2013.
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