Clicky

Hispanics in Greater Need of Protection and Preparation with Life Insurance

Share |
information (meta) --»
need help? --»
source, text, links --»

“Although the majority of Hispanics recognize the importance of life , they are much less likely than non-Hispanics to have life .¹ In response, Allstate, the nation’s largest publicly held personal lines insurer, is making a commitment to educating and motivating Hispanics about life .

A new campaign features Tony Plana, the co-star of the ABC comedy “” talking about his personal experiences and the need for every Hispanic adult to protect his or her from a financial disaster.

“I understand the reasons and risks of not having life ,” said Plana. “I have known a number of individuals who died suddenly and left their families financially devastated simply because they did not have life . My own have never had life . This is why I am partnering with Allstate to strongly urge Latinos to learn more about life so they can provide their families with the protection they need.”

Nearly two out of three Hispanic males aged 18 to 24 are without life . Less than half of Hispanic women aged 18 to 24 have life . Only one in three married couples have life for both spouses (2).

The reasons most commonly cited by Hispanics for not having life are: “I don’t need it;”, “I don’t understand it;” and “I can’t afford it.”(3)

“Life is a necessity and can be very affordable,” says Lisa Cochrane, Allstate Vice President of Integrated Marketing. “For example, a 35-year old woman who does not smoke, is healthy and has a good history may be able to purchase a 10-year term life policy with a $500,000 death benefit from Allstate for less than $15 per month.”*

Another major type of life , called permanent life , provides coverage for as long as the policyholder is alive. On average, among Hispanics, women live 84 years and men 77 years. This compares to 80 years for women and 75 years for men among Americans of all backgrounds.*

“Like many adults and , I have not always had life ,” added Plana. “If something had happened to me, my would have been left with a funeral bill and other debts they couldn’t afford. I realize now, however, that as a head of a household I am responsible for protecting my every way possible. I hope other Latinos feel as strongly and do what I have done.”

In the coming weeks, Plana can be seen and heard on and urging Hispanic adults and to talk to an Allstate Personal Financial Representative about the benefits and affordability of life . “*

related posts (sort of) --»
view/search these tags on --»

Knowledge is Power and this page is just the start. Hispanics/Latinos are a growing diverse force in this country. Check out some of the 54,726 items found on this site below or dig into the Site Map

Best of the Rest

Latest Essentials