6 ID Trends 2020
U . S . life insurance ownership has dropped 9 percentage points in the past 10 years .
95 %
90 %
85 %
Burial / Final expenses
80 %
75 %
70 %
65 %
60 %
55 %
50 %
Transfer wealth / inheritance Replace lost wages / income
Supplement retirement income
Help pay off mortgage
45 % |
|
|
|
40 % |
|
|
|
35 % |
|
|
|
30 % |
2011 |
2012 2013 2014 2015 2016 2017 2018 2020 |
Source : 2020 Insurance Barometer Study |
Time to financial adversity if primary wage earner lost
One week
11 %
|
One month
Six months
One to two years
Five or more years
|
9 %
|
16 %
17 %
17 %
|
44 % of Americans would be in financial trouble within six months |
Don ’ t know |
|
17 %
|
|
Not applicable
14 %
Source : 2020 Insurance Barometer Study