Industry Statistics

Did You Know?

  • 78% of those who own both worksite and individual life insurance feel secure

– 2022 Insurance Barometer Study, LIMRA and Life Happens

  • 42% of Americans say their household would face financial hardship within 6 months should a wage earner die unexpectedly — 25% would struggle financially within 1 month

– 2022 Insurance Barometer Study, LIMRA and Life Happens

  • Most households haven’t prepared for the loss of a primary wage earner: 44% say it would take less than six months to feel financial hardship if this happened to their family

– 2022 Insurance Barometer Study, LIMRA and Life Happens

  • 23% of millennials expressed financial concerns of paying for medical expenses in case of illness or injury due to COVID-19

– 2021 Insurance Barometer Study, LIMRA and Life Happens

  • The top reason people give for not purchasing coverage is that it is too expensive, yet, more than half of Americans overestimate the cost of life insurance three-fold

– Facts About Life 2021, LIMRA

  • 69% of consumers with life insurance say they are less stressed knowing their loved ones are financially protected with life insurance

– 2019 Insure Your Love Consumer Survey, Life Happens

  • There are over 48.3 million visits or 1 out of every 7 people that seek medical attention for an accidental injury, each year

– Injury Facts, 2019 Edition