BASIC PRINCIPLE OF LIFE INSURANCE

Husband and wife families with children under 18 are life insurance coverage,
compared with 90 percent in 2004. When families have less recourse to
financially to turn economic recession, more families are living on the edge,
without the safety net offered by life insurance.
Many Forgiens to and who have not bought more life insurance because
have other financial priorities right now. Among households with children
under 18, four in ten say they have difficulty filling immediately
everyday living expenses if the main breadwinner died today. other
three in 10 would struggle to keep up with expenses after several
months. Half of households feel they need more than life assurance
have the highest level. According to the LIMRA study, life insurance expired
out all other sources of financial assets or income that Americans expect
used to help pay the bills and maintain their lifestyle if the primary
death wage. On average, households say they must have sufficient
life insurance to replace income of 6.2 years, but they are owners
enough to replace household income of only 3.5 years. Nearly eight
10 U.S. households do not currently have an insurance agent or personal life
broker to use most of them say they never did.