How many years can you have a term life insurance policy? Do you know the ins and outs of permanent life insurance? If so, you’re ahead of approximately half (52%) of people who admit that they are unsure what product they would need or how much coverage to purchase, according to LIMRA’s 2022 Insurance Barometer Study.
September is Life Insurance Awareness Month
Since September is Life Insurance Awareness Month, we’re celebrating by creating an interactive quiz so you can test your knowledge. Get the facts you need about life insurance to help you plan a strong financial future for your family.
Life insurance awareness month facts
Check out these interesting Life Insurance Awareness Month facts from LIMRA:
- 44% of households would face financial hardship within six months if a wage earner died unexpectedly.
- 36% of Americans plan to purchase life insurance this year.
- 4 in 10 insured Americans wish they’d bought life insurance earlier.
- Less than 1 in 3 Americans say they’re very knowledgeable about life insurance.
More on Life Insurance Awareness Month
Every September, Life Happens — a nonprofit that provides unbiased information to help people make smart insurance choices — teams up with the insurance industry to sponsor a life insurance month. Life Insurance Awareness Month is designed to educate consumers about the importance of life insurance and the role it plays in protecting families’ financial security.
Why do we love Life Insurance Awareness Month at Fidelity Life?
Well, aside from the fact that we’re a life insurance company, we love to use life insurance awareness month as a way to continue to make life insurance simple, affordable, and understandable for everyday families.
Currently, there are 102 million uninsured and underinsured Americans who believe that they need to buy life insurance or increase their coverage. If you’re a part of that 40% of the adult population, take our quiz to learn more about life insurance and Life Insurance Awareness Month, and how the right policy can provide the right protection for you and your family.
At Fidelity Life, our goal is to make life insurance simple, affordable, and understandable for everyday families. This content is intended for educational purposes only. Each post is carefully fact-checked, reviewed, and updated regularly to ensure the information is as relevant as possible.