Filed Under:Life Insurance, Life Products

Life is better for Americans with life insurance

Life insurance owners are significantly more optimistic than non-owners, according to a  New York Life survey
Life insurance owners are significantly more optimistic than non-owners, according to a New York Life survey

Owners of life insurance report more fulfillment and optimism in their lives compared to those without coverage, according to a new report.

New York Life, New York, discloses this finding in “Keep Good Going Report,” which surveyed 2,069 individuals age 21 or older. Conducted by Greenwald & Associates, the survey explores the attitudes and expectations of more than 2,000 Americans regarding how they can cultivate goodness in their lives.

When survey respondents were asked questions relating to happiness and quality of life, life insurance owners were significantly more optimistic than non-owners. In each of the responses, life insurance ownership seems to play a critical role: Those with coverage in place were happier, reported a better quality of life today, and also feel their quality of life is better than it was five years ago. More specifically:

Contrasts Between Those Who Own Life Insurance and Those Who Don’t

 

 

 

 

Life Insurance Owners

 

 

Non-Life Insurance Owners

42 percent are very happy with their life

 

 

32 percent are very happy with their life

64 percent feel their quality of life is better than the

average American

 

 

51 percent feel their quality of life is better than the

average American

51 percent say they have a better quality of life

today compared with five years ago

 

 

43 percent say they have a better quality of life

today compared with five years ago

43 percent are on track in terms of living life as a

good person

 

 

37 percent are on track in terms of living life as a

good person

92 percent feel that having enough money to

protect family against life’s uncertainties is

important to living life as a good person

 

 

85 percent feel that having enough money to

protect family against life’s uncertainties is

important to living life as a good person

91 percent feel that being self-sufficient in

retirement is important to living life as a

good person

 

 

 

85 percent feel that being self-sufficient in

retirement is important to living life as a

good person

“One of the unexpected findings of the Keep Good Going Report was the impact of life insurance ownership on Americans’ ability to keep good going,” says Greenwald & Associates Partner Brian Perlman. “When the data was analyzed it was hard not to report on the statistics related to life insurance ownership.

“We know from other research that life insurance ownership generally reveals a more financially prepared person, but the interesting twist here is that this financial preparedness also permeates to a person’s positive outlook and feeling of overall goodness in their lives,” he adds.

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