Many Americans Under-insured; Few Beneficiaries Find
Amount of Life
Insurance Proceeds Meets All Their Needs
A husband’s or wife’s premature death can
have a long-term financial impact onthe surviving spouse. Even five to seven years after their loss, more than one-third
(36%) of individuals surveyed say they remain financially vulnerable.
The amount of the life insurance proceeds can make an exponential difference in
the strength of a safety net, according to findings released today from MetLife’s
Study of the Financial Impact of Premature Death.
For example, about half (53%) of widows and widowers who received three or
more years of household income in life insurance benefits felt financially secure
in the year following their loss.
However, that percentage drops to 27% for beneficiaries receiving a lesser
amount and to only 11% for survivors who collected no life insurance proceeds.
About the Study
MetLife’s Study of the Financial Impact of Premature Death was fielded June 12 – 26, 2009 by Zeldis
Research Associates. The study was comprised of 1,000 widows and widowers. All participants had
lost a spouse withina period of six months to seven years prior to the survey, and the deceased
spouse was between 25- and60-years-old at the time of death.
MetLife’s Study of the Financial Impact of Premature Death was fielded June 12 – 26, 2009 by Zeldis
Research Associates. The study was comprised of 1,000 widows and widowers. All participants had
lost a spouse withina period of six months to seven years prior to the survey, and the deceased
spouse was between 25- and60-years-old at the time of death.
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