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Help Protect Our Families: The Pandemic’s Effect on the Likelihood to Buy Life Insurance

5/4/2021 1:00 PM EDT - 2:00 EDT

Please join LIMRA and Life Happens to learn more about the recently released findings from the 11th annual Insurance Barometer Study.

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The LIMRA News Center is a place where members of the news media can find current and past news releases, facts about LIMRA, and other information.

Field Leadership Profile

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Workplace Life Insurance Plays a Critical Role in Protecting Families

According to the 2021 Insurance Barometer Study, 57% of U.S. workers have life insurance through their workplace, and new LIMRA research finds two-thirds of employed Americans rely on workplace life insurance (theirs or another family member’s) to meet their life insurance needs.

Life Insurance Is a Key Component of Middle-Income Families’ Financial Security

Middle income families recognize the importance of life insurance. According to the 2021 Insurance Barometer Study, 70% of middle-income consumers (household income $50,000 to $99,999) believe they need life insurance coverage and more than a third (34%) say they plan to purchase coverage in 2021.