The benefits of life insurance aren’t always clear for those who may not understand what life insurance covers.
By Jennifer Gassaway|December 03, 2021 at 09:33 AM
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If the past two years have taught us anything it’s that people feel more vulnerable than ever. We have faced unprecedented change and uncertainty, bearing witness the fragility of life in a global pandemic that has claimed the lives of millions worldwide. Meanwhile, provisional data released by the Centers for Disease Control and Prevention (CDC) shows American life expectancy dropped to 77.3 years in 2020 –– down 1.5 years from 2019, the largest one-year decline since World War II.
Life insurance is the most overlooked insurance in America but recent trends are showing a growing awareness of its importance, and LIMRA expects the U.S. life insurance market to grow between 7% and 11% in 2021.
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