September is Life Insurance Awareness Month Survey shows most people feel they don't have adequate coverage
THOUSAND OAKS, Calif., Sept. 16 /PRNewswire/ -- Anthem Blue Cross Life and
Health Insurance Company is encouraging consumers to spend a few minutes in
September planning for the unexpected.
"Life insurance isn't for the people who die; it's security for the people
who live," said Nicholas Brecker, president of Anthem Blue Cross Life and
Health Insurance Company. "It's a subject no one wants to talk about, but you
can't avoid it, especially after you've worked hard to provide financial
stability for your family."
More than three-quarters of people whose spouses died prematurely (between
the ages of 30 and 55) felt they did not have adequate life insurance
coverage. That's according to the National Association of Insurance and
Financial Advisors. In addition, the LIFE Foundation, a nonprofit organization
dedicated to helping consumers make wise decisions about their families'
financial futures, found that more than half of Americans say they're worried
about how their families would manage financially if they were to die
unexpectedly.
"Every person's financial situation is different, but whether you're
married, married with kids or a single parent, it's important to take an
inventory and ask yourself if you have enough life insurance should the
unexpected occur," said Brecker.
How much is enough? To answer this question, consumers can consult a life
insurance needs calculator, such as the one offered by the LIFE Foundation at
www.lifehappens.org .
Anthem Blue Cross life products can help fill the gap with immediate
expenses, such as funeral costs; ongoing expenses, such as food, housing and
transportation; and future expenses, such as college costs and retirement.
Anthem Blue Cross Life and Health Insurance Company is part of the largest
health benefits company in the nation.
Life products underwritten by Anthem Blue Cross Life and Health Insurance
Company, an independent licensee of the Blue Cross Association. (R) ANTHEM is
a registered trademark of Anthem Insurance Companies, Inc. The Blue Cross name
and symbol are registered marks of the Blue Cross Association.
SOURCE Anthem Blue Cross Life and Health Insurance Company
