Results for - Life Insurance - What do you have?

24,501 voters participated in this survey
Which of the following types of insurance coverage do you have?

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
01/30/2012 Living 24501 65 By: lizzy

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By: lizzy