The life insurance industry is antiquated in how it writes business. It takes too long, is too involved and too inefficient…and that is just the insurer’s perspective! This week, I look at how InsQuik is making the process of buying life cover quick and easy.
The United States life insurance market is the largest in the world and accounts for over 20% of all written premiums globally.
And yet an estimated 30% of households in the United States have no life insurance. And half of all households believe they lack adequate cover. For many (especially millenials), life cover is seen as a luxury, but in reality it is one of the most essential insurance protections we should buy.