To celebrate Life Insurance Awareness Month, I have compiled statistics to show the amazing value life insurance provides for local citizens here in the Sarasota, Fl area, as well as consumers nationwide.
-Roughly 75 million families in the United States count on life insurance to protect their future finances
-Life insurance plans pay out on average $1.5 Billion each day to Americans, close to the same amount of Social Security benefits paid out daily ($1.9 Billion)
-$62 billion: Approximate amount life insurance companies provided in payments to beneficiaries of policyholders who passed away at the end of 2011.
-$2.9 Trillion of new life insurance was purchased in 2011.
-2.5 Million jobs are made possible by the life insurance industry