MetLife completed a survey of surviving spouses several years ago which provides insight into what amounts of life insurance were adequate.
It was found that the premature death of a spouse caused a “major” or “devastating” financial impact according to most surviving families, and that this was attributable to a lack of adequate life insurance coverage:
- More than half of the surviving spouses who received life insurance proceeds described the amount of coverage as “inadequate.”
- On average, it took surviving families four to five years to recover financially from the premature death.
- The vast majority of surviving families had to make significant adjustments to cope with the financial impact of the death.
1 comment:
That was a great article. I agree totally. If most people who read this would listen to this survey and get more insurance for their family, things could be better. Another site that I think that your visitors would like is Low Cost Life Insurance Quote. Here they can find more information to help them on their insurance search. Between the two of us, maybe we can make a difference.
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