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LIFE: Insurance is Romantic

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About 88% of women think buying life insurance that names a loved one as the beneficiary is a good way to express love for that loved one.

The Life and Health Insurance Foundation for Education (LIFE), Arlington, Va., has published that finding in a summary of results from a new survey.

LIFE did not say how many people participated in the survey, but it says 83% of all consumers surveyed, and 77% of the men polled, agreed that providing life insurance is a good way to express love.

LIFE released the survey results in conjunction with its 2011 Valentine’s Day consumer education campaign.

LIFE is trying to trying to use the campaign to draw attention to the fact that 30% of U.S. households have no life insurance.

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Only 44% of U.S. households have individual life insurance, LIFE says.

“With Valentine’s Day right around the corner, why not say ‘I love you’ to the most important people in your life by letting them know that they’ll always be taken care of, even after you’re gone,” LIFE President Marvin Feldman says in a statement aimed at consumers.

The LIFE Valentine’s campaign also includes the posting of a Romance-O-Meter quiz at a new website, at http://www.insureyourlove.org.

Consumers who take the quiz between now and Feb. 28 can enter a drawing to win a $500 gift card.

- Allison Bell