Millions of uninsured Americans miss out on the physical and emotional benefits of life insurance.
SCOTCH PLAINS, N.J., October 30, 2024 (Newswire.com) – If you’ve been watching the news for September, you’ve likely seen commentary about Life Insurance Awareness Month. While industry efforts to motivate Americans to secure insurance are important, it’s important to keep life insurance part of the conversation year-round.
Jazzmark Services, a leading insurance planning broker, releases the results of its second annual Life Insurance Impact Study, an in-depth study of Americans’ attitudes and experiences with life insurance, one month after the end of Life Insurance Awareness Month. That’s why. People with life insurance live happier, less stressed and well-rested lives, according to a new survey of more than 2,000 American adults conducted by Wired Research. That’s what it means.
Compared to the uninsured, the following people have life insurance:
You’re 64% more likely to get a great night’s sleep each night. You’ll get an average of 25 minutes more sleep each night. This translates into an additional 152 hours of sleep per year, or 6 days. 46% more likely to be completely confident about their family’s financial future. Almost twice as likely to be very happy on a regular basis. You are 20% more likely to feel less stressed.
“This study clearly shows the correlation between having life insurance and living a happier, less stressed and well-rested life,” said Wired Research founder and CEO. CEO Daniel Sherman says:
Joshua Marcus, founder of Jazmarc Services, added: “Life insurance gives you peace of mind and confidence that your family will be financially secure should the unexpected happen. This study confirms what our industry has been saying all along. I confirm it.”
Yet millions of people remain uninsured. According to the study, 47% of Americans, or nearly 121 million people, do not own life insurance. However, this is not due to a lack of care and concern for our loved ones. About 1 in 2 uninsured people think about their family’s future at least once a day (53%) and want their loved one to be taken care of when they are gone (49%) %).
Research suggests that this disconnect stems from a lack of education and proper financial planning. In fact, 73% of uninsured Americans don’t believe they’ve made good financial decisions in their lives. About one in three (32%) believe there is a lot to learn about life insurance. Add to this the fact that three in five people (59%) think buying life insurance is not an enjoyable experience, leaving millions of people unable to secure such important protection. .
“We hope that the 47% of people who don’t have insurance will take this opportunity to purchase life insurance, but we also recognize that there are many factors holding them back,” says Joshua. “Understanding the psychology behind these barriers allows agencies like mine to better support Americans.” Make it something. ”
Source: Wired Research
