Is coverage as expensive as people think? The numbers might surprise you.
Pop quiz: How much do you know about life insurance? Ask yourself these questions—and then find out
the facts.
1) How many people own life insurance?
2) Most Americans overestimate the cost of life insurance. By how much?
3) What’s the #1 reason Americans buy life insurance?
4) What’s the easiest, fastest way to get coverage without hassle?
H2: The amount of protected families has fallen
Answer: 52% of Americans reported owning life insurance in 2021. That’s a significant decrease since
2011 (63%). The numbers are concerning, considering 6% of kids will lose a parent before age 18, when
they need financial protection the most.*
Life insurance is an essential safety net for families, providing financial support if the policyholder passes
away unexpectedly. If you have a policy, you can rest easy knowing your loved ones are protected, even
if something happens to you.
Our technology partners at Ethos make it easy to get a quote online. If you’re ready to apply, it only takes a few
minutes.
People overestimate the cost of life insurance…by a lot.
Answer: More than half of Americans overestimate the cost of life insurance by at least 3x! Imagine the
price of your favorite fancy cup of coffee, and triple it—sounds wild, right? Too many families are letting
this misconception stop them from getting valuable coverage. By using a company like Texas Life Group to find a
policy, you can see how certain factors, like term length or coverage amount, affect your monthly price.
The price of life insurance increases as you grow older, so it’s a smart move to take action sooner than
later. Once you lock in your price, it’s set for the duration of your term length.
Our reasons for life insurance are deeply personal.
Answer: Covering final expenses is the #1 reason 83% of Americans buy life insurance. Additionally, 68%
of people got a policy to replace lost income, and 63% wanted to leave an inheritance.†
Whatever your reason, Texas Life Group understands getting life insurance is anything but an everyday financial
transaction. That’s why they approve 95% of people who apply—because protecting the ones you love
most shouldn’t be difficult.
Take action to protect your loved ones.
How to get life insurance today without the hassle of medical exams or long waits? The answer is Texas Life Group.
In their application, you answer a few health questions instead of going to the doctor or taking blood tests.
If you’re ready to make a plan for life insurance, start by getting a quick quote now.
*Death of a Sibling & Death of a Parent, 2021, Judi’s House/JAG Institute. All other data: LIMRA, Facts
About Life 2021
†LIMRA, 2021 Insurance Barometer Study
