07/30/2025
I read some alarming results from a consumer research study conducted by the NAIC (National Association of Insurance Commissioners), of which the state of Utah is a member, about life insurance needs among consumers:
~ Among young families, nearly two-thirds (64%) believe it’s very important for both spouses to have life insurance. Yet fewer than half (48%) say they actually have purchased life insurance for either spouse.
~ Across all life stages, a significant number of consumers (around 40%) fail to review their life insurance policies on an annual basis.
~ Only 35% of young singles have life insurance. Furthermore, few young singles (28%) express high levels of confidence in knowing the difference between the two basic types of life insurance, term and permanent, and a similar number (27%) are highly confident that buying life insurance when they are young will guarantee their coverage later in life.
If you are alive, you likely have a need for life insurance. Let's have a quick chat to see what will fit your life insurance needs and your budget, especially if you don't have any life insurance or are worried you don't have enough. Life policies through employment are generally not enough. 801-756-5188 (call or text)