Most people know renters insurance covers belongings. But did you know it covers more than just personal property? Many people erroneously assume they are covered by their landlord’s policy and skip this important protection.
Would you believe that 1 in 5 families with children under age 18 does not have life insurance? As shocking as that may be to many of us, a 2018 study by LIMRA, a leading insurance and financial services trade organization, also found that 3 in 10 families would be in immediate financial trouble if a primary wage earner died. And, nearly half of respondents would experience financial adversity in just six months.