Facts of life
- Almost a quarter of U.S. households have no life insurance protection.1
- If the primary wage-earner died, about 22% of households admit they would immediately have trouble meeting everyday living expenses, and 26% would have difficulty only a few months after.1
- The average cost of a funeral is $6,500.2
- The average annual cost for undergraduate study at a four-year public institution is $12,796; $30,367 at a private college.3
- The average credit card debt per household with at least one credit card is $9,205.4
- Americans spent more than they earned in 2006, a negative savings rate of about 1 percent—they’re dipping into savings and borrowing to buy more.5
1 LIMRA International survey
2 Includes vault but no other cemetery costs; National Funeral Directors Association, 2004
3 Tuition, fees, room and board; The College Board, 2006-07 academic year
4 www.CardWeb.com, 2003
5 U.S. Department of Commerce
