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June 21, 2013 at 09:50 AM
Owners of life insurance report more fulfillment and optimism in their lives compared to those without coverage, according to a new report.
New York Life, New York, discloses this finding in “Keep Good Going Report,” which surveyed 2,069 individuals age 21 or older. Conducted by Greenwald & Associates, the survey explores the attitudes and expectations of more than 2,000 Americans regarding how they can cultivate goodness in their lives.
When survey respondents were asked questions relating to happiness and quality of life, life insurance owners were significantly more optimistic than non-owners. In each of the responses, life insurance ownership seems to play a critical role: Those with coverage in place were happier, reported a better quality of life today, and also feel their quality of life is better than it was five years ago. More specifically:
| Contrasts Between Those Who Own Life Insurance and Those Who Don’t |
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| Life Insurance Owners |
Non-Life Insurance Owners |
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| 42 percent are very happy with their life |
32 percent are very happy with their life |
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| 64 percent feel their quality of life is better than the average American |
51 percent feel their quality of life is better than the average American |
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| 51 percent say they have a better quality of life today compared with five years ago |
43 percent say they have a better quality of life today compared with five years ago |
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| 43 percent are on track in terms of living life as a good person |
37 percent are on track in terms of living life as a good person |
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| 92 percent feel that having enough money to protect family against life’s uncertainties is important to living life as a good person |
85 percent feel that having enough money to protect family against life’s uncertainties is important to living life as a good person |
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| 91 percent feel that being self-sufficient in retirement is important to living life as a good person |
85 percent feel that being self-sufficient in retirement is important to living life as a good person |
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“One of the unexpected findings of the Keep Good Going Report was the impact of life insurance ownership on Americans’ ability to keep good going,” says Greenwald & Associates Partner Brian Perlman. “When the data was analyzed it was hard not to report on the statistics related to life insurance ownership.
