How to Get Help with Purchasing Life Insurance in Today’s Economy


Is it worth going without life insurance?As the economy continues to struggle, many Americans are cutting back.  And for some, that means going without life insurance coverage.  In fact, about 35 million U.S. households currently do not have life insurance. That’s the highest percentage in more than four decades, according to insurance industry research group LIMRA.

Can going without life insurance be justified?

Of course, only you are familiar with your individual financial circumstances and goals, so only you can decide if life insurance is something that’s necessary for you.

But consider this: Among households with children under 18, four in 10 respondents to a survey by LIMRA said they would have trouble meeting immediate living expenses if the primary wage earner died.  The same survey indicated that three in 10 would have trouble after several months.

Thus, going without life insurance may not be a good idea for those who have dependents.  That said, it can be difficult to justify the expense in today’s troubled economy and times.

Employers have scaled back or eliminated coverage, with the number of households getting life insurance from employers falling, according to LIMRA.

Many people think they just can’t afford to purchase life insurance on their own in today’s economy.  Many people also don’t know how to purchase it, given that the number of company-affiliated life insurance agents has dropped by nearly one-third since the 1970s, according to LIMRA.

Life insurance may be less expensive than you think, however, and many options are available.  Your insurance agent can help you find a suitable policy that fits your budget, given your individual needs and financial circumstances.

If you need assistance with finding a life insurance policy that you can afford, contact our offices at 714-258-2800 or by email. We will be glad to help you.