Around 1 in 3 New Zealand breadwinners either don’t have any life insurance or don’t have enough life insurance to meet the needs of the people that depend on them.
In September each year the life insurance industry tries its best to make people realise why they need life insurance, how important it is and also how inexpensive it is.
In the US the industry typically engages a well known personality to spread the word on life insurance... usually someone who has had their own experience of a loved one dying. This year in the US the promoter of Life Insurance Awareness Month is Donnie Wahlberg.
What's the key message?
Family breadwinners should all have life insurance.
See how inexpensive it is... these are the weekly premiums for a healthy non-smoker buying $500,000 of life insurance ...
- $6.46/week 35yo male
- $5.28/week 35yo female
- $12.39/week 45yo male
- $10.16/week 45yo female
Not a lot... is it?