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Do your North Carolina clients have enough Life Insurance?

7/31/2014

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For most North Carolina residents the answer is an astounding "NO". How can we tell that? Here are the statistics:

PROTECTING NORTH CAROLINA'S FAMILIES
  • North Carolina residents have $894 billion in total life insurance coverage. That means an average of $149,000 per policyholder.
  • State residents own 6 million individual life insurance policies, with coverage averaging $89,000 per policyholder.
  • Group life insurance coverage amounts to $357 billion.

What does this tell us? Group Life Insurance coverage is not enough and that many fall short of coverage to protect their families. How long would it take for your client's family to go through $89,000 or even $149,000? However, you can give your clients the peace of mind using TERM Life Insurance to cover the risk. To get a quote for TERM Life or Guaranteed Universal Life click here

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