More than Half of American Adults Say Loss of Primary Wage Earner Would Have Financial Impact within a Year
The emotional loss of someone close is always hard; if they are a primary wage earner the financial loss can be devastating.
Majority of Younger American Adults Would Suffer Substantial Financial Consequences If Income Were Interrupted
WINDSOR, Conn., June 23, 2014 — A new LIMRA study found that 6 out of 10 Generation X and Y Americans say losing their income for 6 months due to accident or illness would have a significant or drastic impact on their families' financial well-being.
More Than Half of All U.S. Workers Have Difficulty Understanding Retirement Savings in Terms of Future Monthly Income
Many American workers often focus on their retirement account balances and don’t always understand how it will translate into income during their retirement years.
LIMRA Survey: More than Half of Financial Executives Surveyed Predict Outside Disruption in Life Insurance Market
Fifty seven percent of financial executives believe an outside source (Google, Amazon, etc.) will be a disruptive force in the life insurance market within the next 5 years according to a new LIMRA report.
More Than Half of Americans Want to Save More Money - Almost 6 in 10 Say Retirement is the Reason
A new LIMRA Secure Retirement Institute survey found the top financial priority for 54 percent American household is to save more money. Other financial priorities include paying down debt, creating a long term financial plan and building better spending habits.
LIMRA Secure Retirement Institute: More than Half of Consumers Would Choose Guaranteed Lifetime Income over a Lump Sum Payment
LIMRA Secure Retirement Institute (LIMRA SRI) has found 53 percent of Americans ages 50 to 79 with at least $100,000 in assets would choose guaranteed lifetime income of $660 monthly over a lump sum of $120,000 when offered in a hypothetical situation.
Secure Retirement Institute: More than half (56%) of U.S. Workers Are Interested in a Guaranteed Lifetime Income Option within Their Retirement Savings Plan
According to the new Secure Retirement Institute (SRI) study, more than half (56%) of U.S. workers are interested in investing in a guaranteed lifetime income option within their employer’s retirement savings plan if it was available to them. Of those who are currently saving in their employer’s defined contribution (DC) plan, 61% say they would be somewhat or very likely to contribute to a guaranteed lifetime income investment option.
Consumers Say They're Primed to Buy More Life Insurance
Windsor, CT, April 6, 2005 — In a broad survey of American households, nearly half said they believe they need more life insurance and more than one-quarter said they actually expect to purchase more in the coming year - a decision that would add trillions of dollars of coverage to the amount already in force.