![\"How](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2024\/06\/headshot_photo_MyLinStokesKennedy_SKStokesKennedy_2024_small-1080x675.jpg\")
<\/a><\/figure>How We Protect Our Blended Family<\/a><\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes ...<\/div>Read more<\/a><\/div><\/article>![\"There\u2019s](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2024\/04\/GettyImages-1205365132-1080x675.jpg\")
<\/a><\/figure>There\u2019s a Generational Shift Underway With Financial Concerns<\/a><\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, ...<\/div>Read more<\/a><\/div><\/article>![\"Life](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2023\/11\/GettyImages-1447644527-1080x675.jpg\")
<\/a><\/figure>Life Insurance: 5 Signs You Might Be Underinsured<\/a><\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div>Read more<\/a><\/div><\/article>![\"Join](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2023\/11\/graphic_iyl_fb_chat_2024_1200x627-1080x628.png\")
<\/a><\/figure>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/a><\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div>Read more<\/a><\/div><\/article>![\"Preparing](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2023\/11\/GettyImages-1041098670-1080x675.jpg\")
<\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div>Read more<\/a><\/div><\/article>![\"How](\"https:\/\/lifehappens.org\/wp-content\/uploads\/2023\/10\/GettyImages-1413566449-1080x675.jpg\")
<\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
- Disability Insurance<\/a><\/li>
- Long-Term Care Insurance<\/a><\/li>
- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
- Industry Issues<\/a><\/li>
- Financial Education<\/a><\/li>
- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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- 5<\/span><\/a><\/li><\/ul><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-379","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\n
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Read more<\/a><\/div><\/article><\/a><\/figure>There\u2019s a Generational Shift Underway With Financial Concerns<\/a><\/h2><\/div>
<\/a><\/figure>There\u2019s a Generational Shift Underway With Financial Concerns<\/a><\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, ...<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Life Insurance: 5 Signs You Might Be Underinsured<\/a><\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/a><\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
- Disability Insurance<\/a><\/li>
- Long-Term Care Insurance<\/a><\/li>
- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
- Industry Issues<\/a><\/li>
- Financial Education<\/a><\/li>
- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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Read more<\/a><\/div><\/article><\/a><\/figure>Life Insurance: 5 Signs You Might Be Underinsured<\/a><\/h2><\/div>
<\/a><\/figure>Life Insurance: 5 Signs You Might Be Underinsured<\/a><\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/a><\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
- Disability Insurance<\/a><\/li>
- Long-Term Care Insurance<\/a><\/li>
- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
- Industry Issues<\/a><\/li>
- Financial Education<\/a><\/li>
- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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Read more<\/a><\/div><\/article><\/a><\/figure>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/a><\/h2><\/div>
<\/a><\/figure>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/a><\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
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- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
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- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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Read more<\/a><\/div><\/article><\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>
<\/a><\/figure>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/a><\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div>Read more<\/a><\/div><\/article><\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
- Disability Insurance<\/a><\/li>
- Long-Term Care Insurance<\/a><\/li>
- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
- Industry Issues<\/a><\/li>
- Financial Education<\/a><\/li>
- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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Read more<\/a><\/div><\/article><\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>
<\/a><\/figure>How End-of-Life Planning Can Ease Financial Concerns<\/a><\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div>Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
- Disability Insurance<\/a><\/li>
- Long-Term Care Insurance<\/a><\/li>
- Financial Fitness<\/a><\/li>
- Annuities<\/a><\/li>
- Financial Planning<\/a><\/li>
- Retirement Planning<\/a><\/li>
- Juvenile Insurance<\/a><\/li>
- Industry Issues<\/a><\/li>
- Financial Education<\/a><\/li>
- Insurance Barometer Study<\/a><\/li><\/ul><\/div>
18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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Read more<\/a><\/div><\/article><\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>More Posts
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- All<\/a><\/li>
- Uncategorized<\/a><\/li>
- Life Insurance<\/a><\/li>
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18 Is No Longer an \u201cAdult\u201d<\/h2><\/div>
When your 18th birthday comes, it isn\u2019t like someone magically waves a magic wand and you become an adult. Of course\u2014legally\u2014you can do things you couldn\u2019t before: vote, sign contracts\u2014well really a whole range of things without parental consent. But, when we asked 2,000 people across generations when they actually felt like an adult, we got the true answer: 27.\nThis comes from Life Happens new survey \u201cAdulthood Across Generations,\u201d that was conducted by Talker Research. They surveyed 2,000 Americans equally split among adult Gen Z, Millennials, Gen X and Baby Boomers.\nBelow are some high-level results, but you can find out a lot more of what the different generations are thinking with our survey research page here and the press release here.<\/div><\/article>How We Protect Our Blended Family<\/h2><\/div>
\u201cWhen we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family.\u201d That is a poignant statement that will resonate with a lot of people.\nThis insight came from MyLin and SK Stokes Kennedy, who are married and raising their blended family in Southern California. The couple appeared on season six of \u201cBlack Love,\u201d where they opened up about the challenges of cultivating their partnership and raising three children.\nWe are thrilled that they agreed to work with us again this year on spreading the message about the importance of life insurance.\nLife insurance? You may ask, \u201cWhere does that come into all of this?\u201d Well, it may be more important than most people think, so read on as we chat with MyLin and SK.\n \nLife Happens: When is the first time you both heard about life insurance?\nMyLin + SK: We became familiar with it after getting married but didn\u2019t get it until we were pregnant with our first child together.\n \nLH: Why did each of you decide to purchase life insurance?\nMyLin + SK: We realized that we didn\u2019t want the other, or our kids, to suffer financially in the midst of grieving if, or when, something happens to us.\n \nLH: What type of coverage do both of you have and why?\nMyLin + SK: We currently have term life insurance. In doing research, we found that it was the least expensive option at this point for us.\n \nLH: Why should everyone have life insurance, especially LGBTQ+ adults?\nMyLin + SK: When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it\u2019s not always with the support of our own family. So, if something happens to us, there is the chance that our desires are not withheld by the surviving family. Wills can be contested, things drawn out. With life insurance, you can ensure that your partner and kids receive what you want them to.\n \nLH: Have you had conversations about life insurance with your family or friends?\nMyLin + SK: Yes, we\u2019ve had convos with both. With our moms being the most important ones because of what positions we may be left in if they don\u2019t have life insurance.\n\u00a0\nLH: What did one of those conversations look like?\nMyLin: So, I found out my mom had a very small policy through her job that was under $10,000, which isn\u2019t covering her funeral costs. That led to us looking into getting her a proper policy that would cover her funeral costs (my mom knows a lot of people so it will be big, and we will need funds), bills\/debt, mortgage, her car note. There is so much that I don\u2019t want to fall on my brother and I or have to create a GoFundMe and beg people for it. I just want it already taken care of.\n \nLH: What does life insurance mean to you?\nMyLin + SK: For us it means security and peace of mind, knowing that if anything unfortunate happens to either of us (or both of us), our kids will be taken care of.\n \nLH: What do you wish more people knew about life insurance?\nMyLin + SK: We wish people understood the gravity it held. How much pain and stress dealing with financial struggles after losing a loved one can be and that we can do something about it now. We just need the knowledge and awareness spread that it's not a huge, expensive monthly bill.\n \nLH: What research findings from our 2024 Insurance Barometer Study (Life Happens and LIMRA) do you find the most interesting?\nMyLin + SK: I was interested to see that 62% of people that said they don\u2019t have life insurance also feel as though they need it. The desire is there, they just need more knowledge. So, there is opportunity there to get them the knowledge they need to make that next step.\n \nLH: We agree\u2014and that really is our mission!\nMyLin + SK: And then that 22% of people that do have it say they need more. I feel like we land in that 22%. We\u2019ve had life insurance for about five years now and pay $83 a month for all our policies, which includes $150,000 policies for each of us as parents and $15,000 policies for each of our three kids.\u00a0\nOur goal is to jump up to $500,000 of coverage on us as parents because we want our kids to have funds for their future education, just not paying off bills and debt. So even we know that there is room for growth and to receive more knowledge. That\u2019s why we like partnering with you all. It motivates us to dig a little deeper and get more knowledge\u2014and also to share it. Because we know more people need it.\n \nGet Started\nDon\u2019t let being unsure of how much or what kind of life insurance to buy stop you from getting coverage. To start, you can do a quick calculation with our Life Insurance Needs Calculator to get a general idea of how much you may need. And if you want help choosing the right kind of policy that fits your budget, you can talk with an insurance professional at no cost or obligation. If you don\u2019t have someone to work with, you can use Life Happens\u2019 Agent Locator here.<\/div><\/article>There\u2019s a Generational Shift Underway With Financial Concerns<\/h2><\/div>
Most people are not immune to the worries of the wallet\u2014big and small. From paying for monthly bills all the way to paying for long-term care and everything in between, people from Gen Z to Boomers told us what they are concerned about financially.\nTurns out, saving retirement is a key financial worry, with 44% of Americans expressing concern, according to the 2024 Insurance Barometer Study, from Life Happens and LIMRA. This has been true for every year since the study began in 2011.\nIt\u2019s Millennials\u2019 Turn\nWhile there hasn\u2019t been a major change retirement concern, what has shifted is who is worrying the most about a range of financial issues. This year, Millennials expressed the highest level of financial concern on nine of the 15 specific financial matters we asked them about. Just two years ago, Gen X was the most concerned on 14 of the 15. A generational shift is clearly underway.\nIf we take a look at the key financial concerns across all generations, we see the gap between these two generations:\nMillennials vs Gen X\nHaving enough money for retirement:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a054% vs 48%\nsaving for an emergency fund:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a045% vs 38%\nsupporting myself if I couldn\u2019t work due to a disabling illness\/injury:\u00a0 \u00a045% vs 39%\npaying for long-term care if I couldn\u2019t care for myself:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 37%\npaying for medical expenses in case of an illness\/injury:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40% vs 34%\nAnd yet, one of the things that can bring them financial peace of mind\u2014life insurance\u2014is something that fewer Millennials own (50%) than their older Gen X counterparts (55%). So why don\u2019t Millennials have coverage? Well, 42% say it\u2019s too expensive, but 46% overestimate the true cost by 5 times or more. And it\u2019s not surprising they were so far off with on price, as almost half (47%) admit they used a wild guess or used a gut feeling to estimate the cost.\nThere\u2019s Coverage for That\nAdditionally, some of their other concerns can be addressed by other types of insurance coverage. For example, disability insurance is there if you are unable to work due to a disabling illness or injury (a concern for 45% of Millennials), but only 19% of Millennials say they own it, and only 20% say they are very\/extremely knowledgeable about.\nAnd this year\u2019s Barometer Study also looked at combination products, specifically life insurance combined with long-term care. This type of coverage could allay concerns that Millennials have about both leaving their family in the lurch financially if they died (38%) and paying for long term care (40%).\nAn easy solution is to explore info on these products: life insurance, disability insurance and long-term care, and then talk to an insurance professional who can help you find a solution in your budget. Plus, that conversation is at no cost and no obligation. If you don\u2019t have an someone to work with, you can use our Agent Locator here.<\/div><\/article>Life Insurance: 5 Signs You Might Be Underinsured<\/h2><\/div>
How much life insurance is enough? That\u2019s a question whose answer can change significantly over your lifetime, and an important one to answer correctly.<\/div><\/article>Join Life Happens\u2019 2024 Insure Your Love Facebook Chat<\/h2><\/div>
Join us for the Insure Your Love Facebook Chat on Thursday, February 15, 2024, at 1 p.m. E. We\u2019ll discuss all things life insurance and love!<\/div><\/article>Preparing for the Unpredictable: A Checklist for Evaluating Long-Term Care Insurance Options<\/h2><\/div>
With many options available for long-term care insurance, making the right choice can feel overwhelming. Use this checklist to help you evaluate and take that next step toward getting coverage.<\/div><\/article>How End-of-Life Planning Can Ease Financial Concerns<\/h2><\/div>
Taking a proactive approach to end-of-life planning can help ease the burden on your family and support a smoother transition.<\/div><\/article>Why Would I Need to Get Life Insurance for My Child?<\/h2><\/div>
It can sound unnecessary or even a little morbid, but child life insurance offers an array of benefits, including financial planning and future insurability for your child.<\/div><\/article>Single Parents: Don\u2019t Leave Your Children\u2019s Future to a Crowdfunding Site<\/h2><\/div>
More than a quarter of single parents surveyed (28%) say they\u2019d let others raise money on a crowdfunding site to provide for their children if something happened to them.<\/div><\/article>Why Do I Need to Review My Life Insurance Annually?<\/h2><\/div>
Some things can take a \u201cset-and-forget\u201d approach, but your life insurance shouldn\u2019t be one of them! Reviewing your life insurance annually is a smart choice.<\/div><\/article>Meet Sirin Thada, Artist in Residence for Life Happens<\/h2><\/div>
We partnered with Thai-American artist Sirin Thada to create illustrations that reflect the theme, \"Life Insurance: For Anyone Who Lives.\"<\/div><\/article>Celebrating 20 Years, 20 Moments of Life Insurance Awareness Month<\/h2><\/div>
Life Happens\u2019 20th annual Life Insurance Awareness Month (LIAM) is officially here! This September marks the 20th anniversary of our biggest campaign, and we\u2019re celebrating all month long.<\/div><\/article><\/div>- 4<\/span> <\/a><\/li>
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