AWESOME Statistics and Facts on Retirement and Life Insurance
September 26, 2012 by Sheryl J. Moore
Just read this week’s Investment News, and came across some fabulous data that I thought could benefit you all.
1. Key findings of ING U.S. via a survey conducted in July by Praxis Research Partners:
– 51% of uninsured Americans consider life insurance to be an expense that they cannot afford
– One out of two people cited “other financial priorities” as a major obstacle to purchasing life insurance
– 45% of married respondents “rarely or never talk with their spouse” about what would happen to family finances should one of them pass away
– 4% of respondents listed “protecting retirement savings” as one of the values of life insurance
2. Consumers are still shellshocked by the market collapse in 2008, and are oblivious to the market run; according to new research released last week by Franklin Templeton:
– After 43 months of bull market run, most investors can’t get past losing in 2008, when the S&P 500 dropped nearly 40%
– Investors are “too conservative and/or out-of-sync” with what has been occuring in the equity markets over the past few years; they are so consumed by negative factors influencing the economy (high unemployment, weak housing market, etc.) that they haven’t noticed the “strength” of the stock market
– When 1,000 investors were asked whether the S&P 500 was up or down during each of the past three years:
– 66% said it was down in 2009,
– 48% said it was down in 201, and
– 53% said it was down last year
– In reality, the S&P 500 gained 26.5% in 2009, 15.1% in 2010, and 2.1% in 2011
Leverage this information! Very powerful stuff for those selling indexed life and/or indexed annuities! sjm
