No Life Insurance- Could Be Costly

It’s not that Andrew and Claire Langseth didn’t want to buy life insurance. What parents wouldn’t want to protect their children in case the unthinkable happened? But they started their family when Andrew was in college.

“We didn’t really have a steady income. [Life insurance] wasn’t something we were going to add to our financial commitments,” Andrew, 26, said. Today, for the associate pastor from Stewartville, Minn., with four young kids, the money for life insurance still isn’t there.

The economic downturn pushed life insurance down the list of financial priorities for many American families. Ownership of individual life insurance has hit a 50-year low, according to a 2010 study by Limra, an insurance industry-funded research group based in Windsor, Conn. Today, nearly a third of U.S. households, nearly 35 million, have no life insurance.

…Read more at the StarTribune

About Rick Hemphill

Mr. Hemphill is a 34 year veteran of the Insurance & Financial Services Industry & Lifetime member of the Million Dollar Roundtable.

Today Mr. Hemphill spends his time helping Insurance & Financial Advisors find new careers or Plan B's in this ever changing economy and government policies. As a successful performer of the years Mr. Hemphill knows what does and does not work in this "new" economy.

Additionally Mr. Hemphill still helps businesses provide top notch employee benefits, retirement plans and educating them on information security.

--> Your businesses or career consultation awaits with one of the industry experts---call Rick today to learn more.

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