No. 3 They feel financially insecure
Nobody likes feeling financially insecure
But it’s a pressure many experience, and it’s an additional concern when consumers have a family to support. LIMRA’s 2022 Insurance Barometer Study found that two in five parents feel this way.
Feelings of insecurity are a key contributor to stress and anxiety. Among Americans ages 21 to 62:
60%
50%
indicated feeling anxious
reported feeling stress when talking about their finances
According to a report from the FINRA Investor Education Foundation and the George Washington University School of Business
Having life insurance is proven to help alleviate financial stress
LIMRA found that 68% of people with life insurance report feeling financially secure compared to 47% of people with no life insurance. This is especially true when life insurance coverage comes from multiple sources, such as workplace plus individual coverage, with 78% of people in that situation feeling more financially secure.
With your expertise, you can offer clients support, reliable coverage, and a first step on the path toward financial security.
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