Why People Buy Life Insurance?
The top reasons for buying life insurance in Orlando, Florida are not different than those in the United States.
According to a 2020 report from trade research organization LIMRA and the non-profit organization Life Happens, these are the most common reasons Americans said they bought life insurance:
- 84% Burial/final expenses
- 66% Wealth transfer
- 62% Income replacement
- 57% Supplement retirement income
- 50% Pay off mortgage
How Much Life Insurance to Buy?
Please use this life insurance calculator to find out how much life insurance you may need.
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