Life insurance benefits millions of American citizens today. It's estimated there is $23 trillion dollars of life insurance in force. That's the size of our GDP!
First, your family benefits when you purchase a policy. Final disposition can be expensive. Cremation alone can be several thousands of dollars but that doesn't include other expenses such as hospital bills, ambulance fees, lost time from work for your survivors and much more.
Our communities benefit economically. When there is no life insurance, the impact is felt locally. There may be little or no money for funeral service providers. It puts a strain on local and state government. When a claim is paid, it infuses money into our communities.
Millions of lives are benefiting on a national economic scale. Life insurers invest premiums into our capital markets, government bonds, schools and much more. When you purchase life insurance you're literally helping to start businesses, build bridges and new schools.
And finally, you're helping to benefit the lives of every citizen taxpayer in this country. Life insurance benefits help supplement the gap in government benefits for social programs that otherwise would need funding with tax increases. It's estimated this saves our government a trillion dollars every year.
