How Much Life Insurance Is Too Little?

Talking about life insurance is not easy for many people, but this discomfort is leading to many Americans being uninsured or underinsured.

According to the Life Insurance Marketing and Research Association’s 2020 report, 46% of Americans do not have a life insurance policy; however, 36% of Americans say they intend to purchase coverage in the next year. Their research also uncovered that an estimated 60 million American households have a coverage gap averaging $200,000.

What’s more, 50% of people, in particular millennials, overestimate the cost of term life insurance by as much as 213%.

The Yurconic Agency is the perfect place to discuss and weigh your options when it comes to life insurance. Although most purchasing decisions are researched and completed on the internet, life insurance is still largely a purchase researched, discussed, and decided in person. That’s where we come in.

Don Friedman has been with The Yurconic Agency for almost 20 years and his personal touch is synonymous with the way The Yurconic Agency works. Working with over a dozen life insurance companies, Don provides customized, personalized insurance solutions because he knows that insurance is not one-size-fits-all.

Life insurance gives you the peace-of-mind that your family is protected against a potential financial catastrophe. Your monthly mortgage and car payments, everyday bills, vacations, college, and weddings will all be covered. Life insurance provides a safeguard that your family’s quality-of-life will be maintained. Contact Don today to discuss your life insurance options and get a personalized quote.