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.
As Americans age, seniors are especially at risk of being injured by a fall. But it doesn’t have to be that way. Falls should not be considered a normal, expected result of aging. Nevertheless, they can be serious and costly for older adults.