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Each year Life Happens and LIMRA join forces on the Insurance Barometer Study<\/a> to get the latest and greatest information about what consumers are thinking when it comes to the financial concerns that are bothering them the most as well as what types of insurance they do or don\u2019t have\u2014and why! Take a look at some of the results and then just click to tweet them out!<\/p>\nThe Financial Concern Index (FCI) dropped 9 points from 2017, suggesting consumers feel better about their economic situation and have a more positive financial outlook. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n42% of consumers say they are very or extremely concerned about saving for a comfortable retirement; 20% say it\u2019s their top financial concern. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\nHealth coverage concerns consistently rank among consumers\u2019 top financial worries. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\nLiving expenses are the top financial concern for 13% of consumers. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\nAlmost everyone (90%) believes a family\u2019s primary wage earner needs life insurance. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n35% of households would feel the financial impact within 1 month, if a primary wage earner died. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n1 in 5 people who have life insurance say they don\u2019t have enough. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n2 in 5 Millennials say they wish their spouse or partner would buy more life insurance. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n61% of people don\u2019t buy life insurance or more of it because they say they have other financial priorities. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n44% of Millennials overestimate the cost of life insurance by five times the actual amount. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\nHalf of all consumers say they\u2019re more likely to purchase life insurance if it\u2019s priced without a physical exam. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n\u201cFast and easy\u201d is the benefit that most consumers (72%) like about simplified life insurance underwriting. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n54% of Millennials are likely to ask social-media connections for recommendations on a financial professional. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n67% of consumers say they wouldn\u2019t do business with an advisor with an out-of-date website. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\nHalf of consumers want a primary financial advisor: 37% have one, 14% are looking for one. #2018Barometer <\/a><\/span>Share on X<\/a><\/span>\n If you are looking for the complete study, you can access it here<\/a>. If you have any questions, reach out to support@lifehappens.org<\/a>.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Each year Life Happens and LIMRA join forces on the Insurance Barometer Study to get the latest and greatest information about what consumers are thinking when it comes to the financial concerns that are bothering them the most as well as what types of insurance they do or don\u2019t have\u2014and why! Take a look at […]<\/p>\n","protected":false},"author":4,"featured_media":1273,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"2880","footnotes":""},"categories":[4],"tags":[129,130,127,14,66,128,131,88,68],"class_list":["post-1272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-life-insurance","tag-2018-insurance-barometer-study","tag-financial-concern-index","tag-health-insurance","tag-life-insurance","tag-limra","tag-millennials","tag-primary-wage-earner","tag-retirement","tag-simplified-underwriting"],"acf":[],"yoast_head":"\n