The number of people without life insurance is alarming, especially since life insurance is more important in today’s economic climate than ever before.
Wheeling, IL (Vocus/PRWEB) February 14, 2011
Roses, heart-shaped candy and romantic dinners are some of the most common Valentine’s Day gestures, but what about life insurance? AccuQuote, a respected leader in providing term life insurance quotes to people across the United States, encourages going beyond the norm this holiday and giving a meaningful, selfless gift – life insurance.
No family’s financial plan is complete without life insurance. Unfortunately, 30 percent of U.S. households, a whopping 35 million, are without some type of life insurance protection, according to LIMRA’s 2010 Life Insurance Ownership Study.
“The number of people without life insurance is alarming, especially since life insurance is more important in today’s economic climate than ever before,” says Byron Udell, founder and CEO of AccuQuote. “Life insurance may not be romantic, but it sure does express a very loving and heartfelt message.”
Despite hitting a 50 year low in life insurance ownership, Americans expect to use life insurance more than all other sources of financial assets or income to help pay bills, and to maintain their lifestyle if the primary wage earner dies, according to LIMRA.
Following are reasons to purchase term life insurance this Valentine’s Day:
- Income protection – Life insurance provides a death benefit in the event of a loved one's death. The death benefit can be used to pay for current and future financial expenses for the insured’s family or to cover the cost of final expenses.
- Affordable coverage – Term life insurance rates are near historic lows. In fact, a healthy 40-year old male can get a $500,000 10-year level term life policy for less than $21 a month.
- Needs change – AccuQuote encourages consumers who already have life insurance to review their needs regularly. Many life events, such as getting married, having a child and accumulating more debt, indicate the need for more life insurance protection.
One in four households plan to buy some type of life insurance for themselves or another household member in the next 12 months, but many are unlikely to follow through with their plans, according to LIMRA.
“Don’t be part of the 25 percent of people who leave their families unprotected, despite their plans to purchase a policy,” says Udell. “Call AccuQuote at 888-314-4455 to learn about the cost, features and availably of life insurance protection today.”
AccuQuote helps consumers find the best values in term life insurance by combining instant online life insurance quotes with the personal service of unbiased life insurance professionals who answer questions, identify important issues and make meaningful recommendations. The company offers consumers an extensive selection of life insurance products, including term life, whole life, universal life, accidental death, long-term care, disability insurance and selected annuities. AccuQuote.com has many useful insurance tools, including a term life insurance calculator to help consumers determine their life insurance needs, a glossary of industry terminology, a collection of articles and press releases that cover many life insurance topics and a blog that provides opportunities for discussion on life insurance and personal finance. For additional information or to get free quotes for low cost life insurance, please call AccuQuote at 888-314-4455.
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