Darrasliving

5 Questions To Ask Before Buying Life Insurance

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One in three households would have immediate trouble paying living expenses if the primary wage earner died, according to the 2016 Insurance Barometer Study by Life Happens and LIMRA. 85% of survey respondents said most people need life insurance, yet only 62% have coverage. Many people do not purchase life insurance due to misconceptions - they think it's too expensive, it's not right for their needs, or they don't understand the available options. In honor of Life Insurance Awareness Month, this DarrasLiving episode explores five questions to ask before buying life insurance.