Have you put off getting life insurance (or more of it) because you think it’s too expensive? You may want to reconsider when you learn this: Most people believe life insurance costs nearly three times as much as it actually does, according to a new LIFE Foundation and LIMRA study.
Take this example: the annual cost of a 20-year, $250,000, level-term life policy for a healthy 30-year old consumer is roughly $150 a year, but Americans estimate the cost at $400!
Here are 10 other facts from the 2012 Insurance Barometer Study that may surprise you. We’ve made them “tweetable” so you can share: Simply click on the fact you’d like to tweet and the tweet will be generated for you. And be sure to follow us on Twitter at @LIFE_Foundation.