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Life insurance

Protect your loved ones with the best advice on a life insurance policy from Prokop Insurance. Get a quote today.

Term vs. Permanent Life Insurance

Prokop Team · March 16, 2023 ·

Term vs. Permanent Life Insurance

Term vs. Permanent Life Insurance. According to industry experts, most people don’t have enough life insurance. LIMRA, which keeps close tabs on the industry, recently reported that average coverage equals $163,000, which is equivalent to approximately 3.5 years in terms of income replacement (with the average income being $46,800 in 2019, according to the Bureau of Labor Statistics). That’s only half the recommended 7-year threshold.1,2,3

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Prokop Insurance Services
Email: service@prokopinsurance.com
Phone: 763-537-4311
3155 Empire Lane North Suite 200
Plymouth, MN 55447

Prokop Insurance Services

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