Life insurance provides a means for individuals to protect their financial security and the financial security of their families.
According to the Life Insurance and Market Research Association, about 95 million Americans do not have life insurance. The Louisiana
Department of Insurance (LDI) reminds residents of the need to consider life insurance in their financial planning. The following
resources offer consumers educational information to help them evaluate their life insurance needs.
Division of Annuities and Long-Term Care
Life Insurance Fact Sheet
LDI’s Life Insurance Policy Search feature allows you to submit a request for a search for life insurance policies on deceased loved ones.
LDI’s Consumer’s Guide to Life Insurance
National Association of Insurance Commissioners (NAIC) Resources
NAIC’s InsureU website, www.InsureUonline.org “Life Situations” section with life insurance information targeting each of the different age groups and living situations.
NAIC’s InsureU: 10 Things to Know Before Buying Life Insurance
NAIC’s InsureU: Life Insurance Buyer’s Guide
NAIC’s InsureU: Life Insurance FAQs
LIFE Foundation Resources
The website of the Life and Health Insurance Foundation for Education (LIFE) www.lifehappens.org offers planning tools and information to give you a sense of how much and what kind of life insurance to buy. Different types of insurance are discussed, including life (term and permanent), health, disability, long-term care and business.
LIFE’s Life Insurance 101 video (8.5 minutes)
LIFE’s Life Insurance Needs Calculator Calculators on life insurance needs, human life value, disability insurance needs and lifetime earnings are also provided on LIFE’s website.