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Nate Obringer, RICP®

Financial Advisor

 

Prudential Advisors

9800B McKnight Road, Suite 223

Pittsburgh, PA 15237

 

Phone:  412-318-4129

Fax:        877-840-2322

 

Email: nate.obringer@prudential.com

Website: www.prudential.com/advisor/nathan-obringer

September/October 2018

The Facts of Life (Insurance)

The Facts of Life Insurance

The following 2017 Insurance Barometer Study is from LIMRA, the financial services industry organization that measures such attitudes and trends, and the nonprofit Life Happens.


  • Four in 10 Americans wish their spouse had more life insurance.

  • Some 60 million Americans have an average life insurance needs gap — the difference between their actual coverage and their needs — of $200,000.

  • About seven in 10 husbands own life insurance, while only 63% of wives can make the same claim.

  • While 85% of Americans believe households should have life insurance, only 59% have it.

  • Four in ten households without life insurance would struggle to pay living expenses if their primary wage earner died.

  • Americans’ average life insurance coverage would replace three years of income, down from 3.5 years in 2010.

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