Growth Predicted for Life Insurance Market

Recent data reveals only 46% of consumers have individual life insurance, and that more than 3/4 of consumers age 25-64 say they would benefit from more close guidance from financial services professionals in adding that important voluntary benefit.

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  • According to LIMRA, half of consumers prefer to buy life insurance face-to-face through a financial professional.
  • Consumers want an adviser who will educate, listen and gain trust.
  • Research shows employees under age 45 prefer to purchase online.
  • 60% of those surveyed say they own group life insurance, but coverage is less than individual policies and is only in place while the person is employed.
  • A quarter of consumers studied say they have no life insurance at all.
  • LIMRA reports 4 in 10 life insurance shoppers are prompted to start shopping for life insurance due to life events such as marriage,  divorce, having or adopting a child, buying a home, or experiencing the death of a relative or close friend.

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“Life insurance is the one product that can help families keep a roof over their heads, provide for basic living expenses and allow time to recover and heal from the loss of a loved one,” says Robert Kerzner, president and CEO of LIMRA. “LIMRA’s research shows that people do not fully understand the risks they take by not having adequate life insurance coverage.”

Read the full article by Nick Otto here.

Please keep in mind that ClaimLinx can write life insurance policies as well as individual, surgery, accident and dental policies. Contact us for more information.

Benefits of Supplemental Critical Illness Insurance

Tom Quigley, Vice President/National Business Consultant, provides consulting services, and is in charge of recruitment and new business for ClaimLinx.

Tom is discussing how ClaimLinx is incorporating supplemental insurance into their product line.  Our focus today is on supplemental critical illness/hospital indemnity policies. What do these policies cover, and how much do they cost?

Related Post: Is supplemental coverage right for your company?

Supplemental critical illness/hospital indemnity policies pay you a lump sum that you can use to cover things such as lost wages or experimental treatment.  You can buy supplemental critical illness/hospital indemnity policies even if your doctors aren’t in the network, and you can visit any licensed doctor.  Depending on the product, the employer may allow an employee to run it through payroll and buy it with pre-tax dollars.

To find out more about supplemental coverage from ClaimLinx, please contact us at

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ClaimLinx is positioning its clients to move in the right direction. We can structure benefits in your favor to ensure you are in full compliance with the law without cutting benefits or employees. Please contact us at at or(800) 858-1772 X 25 with your questions.  Our book, “How to Beat Obamacare” is available for purchase on