Life Insurance Awareness Month marks time for people to determine needsAurora, Ill. (September 14, 2015) — Most people do not like to think about their mortality, but in order to have a secure financial future for your family and loved ones, having a plan in place for the inevitable is essential. According to a recent AAA Consumer Pulse™ survey, forty percent of Illinoisans do not have a life insurance policy. In fact, nearly a quarter (24%) of residents does not see the need to have one.
“Life insurance is a crucial part of financial and insurance planning,” said Michael Fletcher, Assistant Vice President of Life Insurance Operations, AAA – The Auto Club Group. “Many people either don’t have a policy or not enough coverage and all it would take is one accident or terminal illness to leave your family in financial peril.”
Many people have preconceived notions about life insurance, which are often times incorrect:
- Myth: Life insurance costs too much.
- Myth: I’m a stay-at-home parent; I don’t need life insurance.
- Myth: I don’t need life insurance; I’m single.
- Myth: I can’t get life insurance because I’m a senior citizen.
- Myth: I don’t need to think about life insurance because I have it through my work.
“These are just a few of the common misconceptions some have about life insurance,” said Fletcher. “The best thing you can do is talk with your life insurance agent about the correct coverage for you, such as the AAA Life Insurance specialists at your local AAA branch.”
It is never too late or too early to invest in a life insurance policy. Go to AAA.com/life for more information and AAA Life Insurance products.
AAA Consumer Pulse™ Survey
The AAA Consumer Pulse™ Survey was conducted online among residents living in The Auto Club Group territory from July 13, 2015 to August 1, 2015. Approximately 400 residents in Wisconsin completed the survey. The results have a margin of error of ± 4.9 percentage points. Responses are weighted by gender and age to ensure reliable and accurate representation of the adult population (18+) in Wisconsin.
About The Auto Club Group
The Auto Club Group (ACG) is the second largest AAA club in North America. ACG and its affiliates provide membership, travel, insurance and financial services offerings to approximately 9 million members across eleven states and two U.S. territories including Florida, Georgia, Iowa, Michigan, Nebraska, North Dakota, Tennessee, Wisconsin, Puerto Rico and the U.S. Virgin Islands; most of Illinois and Minnesota; and a portion of Indiana. ACG belongs to the national AAA federation with more than 55 million members in the United States and Canada and whose mission includes protecting and advancing freedom of mobility and improving traffic safety.