The truth is that while many people say they would drop a life insurance policy in their cart while shopping, it’s a novel concept that hasn’t been tested. The Barometer study showed that most people still prefer to buy face-to-face—to ask an agent questions, to understand the nuances of the product, to get a life insurance plan tailored to their exact needs.
A rider is basically a provision that you can add to a life insurance policy that helps you customize it to make it best fit your needs. The rider provides additional benefits that the basic policy does not. Some you need to pay for, some are included at no cost.
Almost half of adults ages 40 to 59 provided some financial support to at least one grown child in the past year, with 27% providing the primary support. The point is that you may still need that old life insurance policy you were thinking of dropping because your children are grown. And when you have grandchildren, the bank’s drive-up window is open 24/7.
Why is it that children so often help us bring life into perspective? This video was created from the top photo submissions of people who wanted to show a “snapshot” of life’s wondrous moments.
Life insurance without an exam isn’t for everyone, but it certainly has its place. But without a doubt, more people are protecting their loved ones because of the simplicity of securing a life insurance policy.