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blogResults for - Life Insurance - What do you have?
24,501 voters participated in this survey
1. Which of the following types of insurance coverage do you have?
Term Insurance
15%
3,636 votes
Group life insurance through work
15%
3,723 votes
Freedom 55 insurance
3%
808 votes
Mortgage Life insurance
7%
1,631 votes
Limited pay
3%
774 votes
Universal life
4%
1,083 votes
Second to die life insurance
2%
550 votes
Permanent insurance
4%
904 votes
Variable life
2%
501 votes
Whole life
9%
2,120 votes
Accidental death
11%
2,754 votes
Have insurance, not sure what type
10%
2,394 votes
Insurance is a waste of money
3%
680 votes
I want insurance but I have not gotten around to buying insurance
6%
1,551 votes
It’s too difficult to understand what all of these options are
6%
1,522 votes
None of the above
36%
8,913 votes
Other (please specify)
2%
458 votes
2. What period did/does your term life policy cover?
5 years
7%
1,619 votes
10 years
6%
1,356 votes
15 years
4%
961 votes
20 years
6%
1,433 votes
25 years
4%
883 votes
30 years
3%
731 votes
35 years
3%
628 votes
Till my youngest child reaches age 21
2%
587 votes
Have permanent life insurance
20%
5,001 votes
Don’t have insurance
46%
11,302 votes
3. Did you buy your insurance through..?
An agent
21%
5,125 votes
Work
20%
4,912 votes
An association (i.e. CAA, etc)
7%
1,609 votes
Online
5%
1,106 votes
I don’t have insurance
46%
11,156 votes
Other (please specify)
2%
593 votes
4. Why is life insurance important to you?
To assist with mortgage or other debt and expenses in the event of my death
18%
4,446 votes
Protect my family in the event of my death
37%
9,084 votes
To ensure my children complete their education
5%
1,114 votes
To protect my spouse and or children’s inheritance
8%
1,978 votes
To achieve tax shelter
3%
630 votes
As part of my charitable giving program
2%
480 votes
Life insurance is not important to me
23%
5,718 votes
Other (please specify)
4%
1,051 votes
5. Are you aware that under a term policy, your beneficiaries will not receive a payout if you pass away after the term is over?
Yes
47%
11,511 votes
No
53%
12,990 votes
6. Are you aware that most term policies will allow you to upgrade your policy to a permanent one?
Yes
46%
11,265 votes
No
54%
13,236 votes
Comments
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By: lizzy
