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Dianne Williams Wildt, MBA

Certified Retirement Counselor®

Since 1983 in the financial services and investment industry

 

Retirement Pathways, Inc.

4500 Bowling Blvd., Suite 100

Louisville, KY 40207

 

Phone:  502-797-1258

 

Email: dianne@retirementpathways.com

Website: www.retirementpathways.com

September/October 2022

What Do You Know About Life Insurance?

Life Insurance Health Protection Concept

According to research, 42% of households would face financial hardship within six months should a wage earner die; 25% would suffer hardship within one month.*


September is Life Insurance Awareness Month, an annual campaign to educate people about the importance of life insurance and its ability to provide financial security for families. LIMRA’s* 2021 Life Insurance Misconceptions Barometer study looked at some of the myths people believe about purchasing life insurance.


It's Too Expensive
More than half of study respondents overestimated the price. The annual cost of a policy for a healthy 30-year-old is around $160, but 44% of millennials estimated it to be $1,000.


Workplace Life Insurance is Enough
29% of Americans believe they get enough coverage through their work. But median employer coverage is only $20,000 or one-year’s salary.**


I Won't Need it Until I'm Older
Life insurance is far less expensive when you’re young and healthy. Nearly four in 10 people said they wished they had purchased a policy at a younger age.

*LIMRA is a worldwide research, consulting, and professional development organization. ** https://www.trustage.com/learn/inside-insurance/


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Investment advisory services offered through American Capital Management, Inc., a State Registered Investment Advisor. Retirement Pathways, Inc. is independent of American Capital Management, Inc.
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