Inadequate Life Insurance Leaves Spouses With Less
September 2006 (Medialink) – Lives change. Growing families often trade up to a bigger house. Someone with a pay raise might think of getting a better car. But, how many with changing circumstances think about the need to trade up to a better life insurance policy?
Turns out… not many.
That means a more difficult life for surviving family members. In fact, the Insurance Information Institute says that nearly half of surviving spouses would experience a 20 to 40% decline in their standard of living if the primary wage earner in the family died.
Life insurance is like money in the bank. And, like a retirement account, the equity can grow. It can be used for almost anything – to pay funeral expenses, debts, and to maintain a certain standard of living. September is National Insurance Month, the time each year to familiarize yourself with your policy and check if you’re adequately covered.
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Produced for Allstate
Duration : 0:1:45
Tags: family, insurance, life, money
Life Insurance | admin, 14 Oct 09 | 
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Learn the basics about life insurance in a flash. Hear from a one of the nation’s top insurance advisors who will explain why life insurance is so important, help demystify the life insurance process and quickly provide you with a good understanding of important insurance terms and concepts.
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