Life insurance ownership lower among Latinos

September 20, 2013 by Warren S. Hersch

Given the rapid expansion of the Latino population in the U.S. — the growth rate among Hispanics is projected to be triple that of any other ethnic group over the next 20 years — one might expect them to be a rich source of prospects for life insurance professionals.

Cracking the Latino market may, however, be a tad more difficult, if new data from LIMRA and the LIFE Foundation is any guide. The research, reported in LIMRA/LIFE’s “2013 Insurance Barometer Study” and timed for release during September’s Life Insurance Awareness month, shows that Hispanics still have a low rate of life insurance ownership (59 percent) when compared to Whites (62 percent) and African Americans (66 percent.) Click here to read…

Originally Posted at LifeHealthPro on September 20, 2013 by Warren S. Hersch.