Term Life Insurance
Term life insurance is by far the most popular type of life insurance because it’s straightforward, affordable, and lasts as long as you need — for most people, that’s between 10 and 40 years. Premiums can be paid monthly or annually, and in exchange for relatively low rates, your beneficiaries get a large lump sum of money after you di
It’s not about what you have at the end of life, it’s what you leave behind that matters.
Stedman Graham
Facts About Life Insurance: Must-Know Statistics in 2022
- The average life insurance payout is roughly $168,000
- COVID-19 prompted 1 in 5 Americans to purchase life insurance, according to a recent survey by LIMRA and Life Happens.
- 33 percent of people don’t think they would qualify for life insurance, according to the same study, in the U.S., according to data collected by StatistaQuisque
“Not how long, but how well you have lived is the main thing.”
Seneca
