Secure Your Legacy: Retire Well Dallas Explains Premium Financing Life Insurance!
How Premium Financing Works?
Who Benefits from Premium Financing?
Types of Life Insurance Suitable for Premium Financing
Benefits of Premium Financing
Why Retire Well Dallas?
● Personalized approach: No one-size-fits-all solutions.
● Comprehensive support: From policy selection to premium management.
Surprising Facts About the Cost & Misconceptions
Despite a clear need, many Americans still don’t purchase life insurance, often due to significant misconceptions about the price.
People Vastly Overestimate the Cost: The most persistent myth is that life insurance is too expensive. Over 70% of Americans overestimate the cost of a basic term life insurance policy by three times or more than its actual price.
The Need is Huge: More than 4 in 10 families would face financial hardship within six months if the primary wage earner died unexpectedly.
Millennials Need it Most, but Don’t Buy it: Millennials and Gen Z adults have the highest reported need for more life insurance, but their ownership rates are lower than older generations.
No Medical Exam is a Huge Draw: Approximately 50% of people say they would be more likely to buy a policy if it didn’t require a medical exam, driving the industry’s trend toward “accelerated underwriting” that utilizes data.
More People Insure Their Things Than Their Lives: In the U.S., a higher percentage of people own car insurance (79%) and home insurance (67%) than own individual life insurance (around 50-60%).