![]() Hopefully, the following famous quotes about life insurance will widen your perspective on the subject and encourage you to get one. While that is more than half the percentage of the population, a significant portion still does not have life insurance.Ī common misconception that plays a role in discouraging many Americans from having life insurance is that beneficiaries are to pay income taxes on the death benefit. It gives them financial security.Ī 2020 statistics showed that 54% of Americans owned life insurance. Life insurance ensures the financial protection of your loved ones after your death. It is imperative because death is inevitable and cannot be predicted. The need to have life insurance cannot be over-emphasized. It guarantees remittance from the insurance company to the policyholder’s beneficiary in the event of their death. Life insurance is a form of a contract of a stipulated periodical payment by a policyholder. ![]() The famous motivational life insurance quotes and sayings will enlighten you about life insurance benefits if you have loved dependents on your income.
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