Posted by American Life Insurance Guide News American International Group(AIG) A research data released in July 2018 showed that when facing illness or the death of oneself or a loved one, consumers without life insurance are more financially distressed than consumers with life insurance. .At the same time, these consumers are not willing to take action to reduce this risk.
The research report also found that among the majority of consumers surveyed, one of the expected risks that was discussed, thought about, and paid the most attention was the lack of adequate pensions.
"This study proves the view that many people are not fully prepared for the financial impact of death, chronic illness or insufficient retirement income,"AIG CompanyCEO Rod Rishel said, “The life insurance business is to help individual or family consumers transfer their financial risks when they face urgent financial needs through a series of innovative solutions.”
Summary of research data
This report sampled 8100 Americans, ranging in age from 21 to 64, revealing that people who do not yet have life insurance protection have the following characteristics:
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- When faced with intentional accidents, people with life insurance felt 11% more helpless than those with life insurance.
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- Groups with life insurance are more likely to take actions to increase their retirement savings in order to face the risk of market collapse; while groups without life insurance are 14% less likely to take such actions than the former.
- Between the financial risks caused by illness and death, the groups participating in the survey are twice as willing to take action to reduce the financial risks caused by illness.
The article comes from BusinessWire:
https://www.businesswire.com/news/home/20180717005137/en/
