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David P. McCabe,
WMCP®, ChFC®, CLU®
Financial Planner
Nathaniel D. High, RICP®
Financial Planner
Nicholas J. Over, CFP®
Financial Planner
Sara E. Martin
Operations Manager
Jennifer A. McCabe
Client Service Specialist
jennifer.mccabe@prudential.com
Centuria Financial Group
2333 Baltimore Blvd Suite B
Finksburg, MD 21048
Phone: 443-952-7232
September/October 2022
What Do You Know About Life Insurance?
According to research, 42% of households would face financial hardship within six months should a wage earner die; 25% would suffer hardship within one month.*
September is Life Insurance Awareness Month, an annual campaign to educate people about the importance of life insurance and its ability to provide financial security for families. LIMRA’s* 2021 Life Insurance Misconceptions Barometer study looked at some of the myths people believe about purchasing life insurance.
It's Too Expensive
More than half of study respondents overestimated the price. The annual cost of a policy for a healthy 30-year-old is around $160, but 44% of millennials estimated it to be $1,000.Workplace Life Insurance is Enough
29% of Americans believe they get enough coverage through their work. But median employer coverage is only $20,000 or one-year’s salary.**I Won't Need it Until I'm Older
Life insurance is far less expensive when you’re young and healthy. Nearly four in 10 people said they wished they had purchased a policy at a younger age.*LIMRA is a worldwide research, consulting, and professional development organization. ** https://www.trustage.com/learn/inside-insurance/
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David P. McCabe, Nathaniel D. High, and Nicholas J. Over are Financial Planners with, and offer securities and investment advisory service through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with Centuria Financial Group.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
Centuria Financial Group and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
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