Life Insurance Facts to Keep in Your Back Pocket
July 31, 2023
Sixty-nine percent of life insurance owners say they feel financially secure compared to 49 percent of non-owners.
People say money is the top reason for not getting life insurance, but more than half overestimate its cost by 3X or more.
Half of Millennials and Gen Z adults say they need life insurance — or more of it.
Twenty-three percent of consumers say they haven't purchased life insurance because they are unsure of how much to buy or what type to get.
Source: 2023 Insurance Barometer Study, Life Happens and LIMRA
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Do you have enough life insurance for your family?
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When it comes to planning for the future, there are few things more meaningful than knowing your legacy will make a lasting impact. At GBU, we’re proud to offer members the tools and resources needed to protect what matters most while also providing meaningful ways to give back.
Since December 2024, donors have contributed an impressive $1,443,000 to
the GBU Foundation, establishing new scholarship, educational grant and
donor-advised charitable funds. These gifts help to shape a brighter future for
students, communities and charitable causes across the country.
Legacy giving, also known as planned giving, is a meaningful way to leave behind an impact on the causes and organizations you care about. By incorporating life insurance and annuities into your estate planning, you can maximize the benefits of your legacy gifts, ensuring they are both impactful and tax efficient.