According to industry experts, most people don't have enough life insurance. LIMRA的, 它密切关注着这个行业, recently reported that average coverage equals $163,000, 哪个近似等于3.5 years in terms of income replacement (with the average income being $46,800 in 2019, 根据劳工统计局的数据). 这只是建议的7年期限的一半.1,2,3
此外, more than half of consumers said that their households would be in immediate or near-immediate financial trouble if the primary wage earner died today.2
考虑人寿保险时, one of the most important factors to understand is the difference between term and permanent insurance. 以下是两者的内部情况.
Term life insurance is temporary; it provides a death benefit for a specific term, 比如10, 20, 或30年. Unlike other types of life insurance, it does not accumulate a cash value. If the policyholder dies during that term, their beneficiaries receive the benefit from the policy. 当合同终止时，保险范围也随之终止.
This limited term leads to term life insurance’s main advantage: price. 一般, term life insurance costs less than permanent life insurance, 尤其是当购买者是年轻人的时候. This has the potential to free up funds for other household expenses.
Permanent insurance remains in place as long as the policyholder makes payments. 除了, permanent policies are designed to build up “cash value,“随着政策的实施而积累的现金储备. Typically, this cash reserve pays a modest rate of return. However, the policyholder has limited access to the funds.
Term life insurance can be designed to provide protection against upcoming expenses, 比如供孩子上大学. 长期人寿保险, 另一方面, can be more useful for covering long-term financial needs, 例如遗产规划.
Many people find that they have a combination of short- and long-term needs. 在这种情况下, it may be prudent to have both types: a basic level of permanent life insurance supplemented by a term policy. A review of your situation may help determine what type of life insurance is appropriate.
Several factors will affect the cost and availability of life insurance, 包括年龄, 健康, 以及购买保险的种类和金额. Life insurance policies have expenses, including mortality and other charges. 如果保单过早退保, the policyholder also may pay surrender charges and have income tax implications. You should consider determining whether you are insurable before implementing a strategy involving life insurance. Any guarantees associated with a policy are dependent on the ability of the issuing insurance company to continue making claim payments.
In 2018 people purchased more permanent life insurance policies than term life insurance policies. The total number of term policies, however, accounts for approximately 70% of all policies issued.3
1. LIMRA的 2018
2. U.S. 美国劳工统计局，2019
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