AIG Research Shows Americans Without Life Insurance Not Taking Action to Reduce Financial Risks
Innovative company products and resources can help mitigate risks
“This research confirms that many people don’t feel fully prepared for
the financial ramifications of death, chronic illness or a retirement
income shortfall,” said
The research – conducted online with more than 8,100 U.S. consumers ages 21-64 – found that people who don’t own life insurance:
- Feel 11 percentage points less prepared for death of self than those who have life insurance.
- Are 14 percentage points less likely than life insurance owners to increase their rate of retirement savings in response to the risk of a market crash.
- Are twice as likely to take actions to reduce financial risk of illness of self than of death.
The solutions available through AIG’s Life Insurance business include products for consumers who may need increased supplemental income in retirement, as well as life insurance policies with integrated or available living benefit riders for chronic illness.
AIG also offers resources including
Additionally, AIG has launched new online centers at www.aig.com/IUL and www.aig.com/QoLIUL to share comprehensive information about index universal life (IUL) insurance products. IUL solutions are designed to offer life insurance protection, opportunities for cash accumulation, income in retirement, and a measure of protection against market downturns.
The AIG research was conducted online in the third and fourth quarters of 2017. Additional data and insights from the research will be released in coming months. For more information on AIG, visit www.aig.com.
Respondents for this survey were selected from among those who have volunteered to participate in online surveys and polls. The data have been weighted to reflect the demographic composition of the adult U.S. public, and then filtered to household insurance decision-makers. As the sample is based on those who initially self-selected for participation in the panel rather than a probability sample, no estimates of sampling error can be calculated. All sample surveys and polls may be subject to multiple sources of error, including, but not limited to sampling error, coverage error, and measurement error.
AIG’s Life business is a part of the company’s Life & Retirement division, which brings together a broad portfolio of retirement, life insurance and institutional products offered through an extensive, multichannel distribution network. With its customer-focused service, breadth of product expertise, deep distribution relationships – and world-class team of talented employees who are passionate about what they do – Life & Retirement is well positioned to meet today’s and tomorrow’s growing needs.
Additional information about AIG can be found at www.aig.com
and www.aig.com/strategyupdate
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AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of
Policies issued by
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Source: AIG
AIG
Media:
Brent Connett, 713-831-6414
brent.connett@aig.com