NEW YORK, Sept. 12, 2019 /PRNewswire/ -- Policygenius, the nation's leading online insurance marketplace, is celebrating Life Insurance Awareness Month with two new infographics that make it easier for people to understand their coverage needs.
"Life insurance provides a financial safety net for families," says Patrick Hanzel, a CFP® and advanced planning specialist at Policygenius. "It's important to alleviate any confusion that might keep people from getting financial protection."
A recent Policygenius survey1 found only 32% of Americans have life insurance. The new infographics are designed to help people figure out if they need a policy — and, if so, what type of coverage (term, whole or final expense life insurance) is right for them.
"Term life insurance is the right choice for most shoppers because because it is significantly lower in cost and insurance needs typically decrease over time," Hanzel says. "Whole life insurance can be a good fit for people with special needs dependents or complicated financial situations and estate planning needs."
About Policygenius: Policygenius is the nation's leading online insurance marketplace, based in New York City. We've helped over 30 million people shop for insurance like they shop for everything else — online. We launched in 2014 and are one of the early insurtech pioneers. We were named one of Inc. Magazine's Best Workplaces for 2018 and 2019.
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Senior Media Relations Manager, Policygenius
1 Results are based on responses from 1,542 adults nationwide. The survey was conducted through Google Consumer Surveys in December 2018.