As summer comes to a close, Americans begin to reminisce about how they spent their summertime, which usually included relaxing on the beach, sipping ice-cold lemonade and reenergizing with mid-day naps. Although many Americans unwind during the sunny summer months, most are not so carefree when it comes to being prepared for unexpected life events; however, there are still some who aren’t as prepared as they could be. But, with Life Insurance Awareness Month right around the corner (in September), this is the perfect time to make sure everyone understands the benefits, financial security and freedom that often comes with having life insurance.
A new national survey by WellPoint, Inc. (NYSE:WLP) found that more than half of Americans surveyed say they have life insurance. Results of the survey also showed that parents in particular (64 percent) are planning ahead with life insurance.
The survey also showed that while nearly half of Americans find purchasing life insurance stressful, they know they need it to protect their families. In addition, nearly half (45 percent) of Americans with life insurance are paying their bills on time, keeping a savings account, and working to reduce debt to prepare for their financial future. And, more than half (55 percent) of the survey participants who are parents believe having life insurance is a way to be prepared for their financial future.
“When it comes to life insurance, we want life insurance plan members to think about the benefits and reassurance it can provide,” said Bill Smith, president, Disability and Life, WellPoint, Inc. “Life insurance can help guard against the need to make drastic changes to future plans if the unexpected occurs.”Even though life insurance is a difficult subject for some people, the results of the survey show that parents have thought about the possibility of an unforeseen event, and for that reason, they have secured a plan to provide their families with stability.
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