First Command News & Media
FOR IMMEDIATE RELEASE — Jan. 14, 2016
First Command reports strong demand for life insurance among military families
FORT WORTH, Texas – America’s career military families are focused on permanent life insurance products as supplemental coverage to their government benefits, according to a story in the Winter 2015-2016 issue of Journey, the online magazine for clients of First Command Financial Services, Inc.
Titled "Demand for permanent life insurance hits record high in military families" the story reports that three-quarters of middle-class military families owned some form of permanent life coverage in 2015. That's up 7 points from the previous year. Demand is expected to keep growing. The story reports that 44 percent of military families who don't own a permanent life policy say they are likely to consider purchasing it for themselves or someone in their household.
“Adding permanent life insurance to government-provided coverage allows servicemembers and their families to more fully and effectively address their present and future needs,” said Scott Spiker, CEO of First Command Financial Services, Inc. “This add-on strategy allows families to focus on the current uncertainties of military life – uncertainties that can include the risk of a combat death – as well as pursue long-term financial security.”
Be sure to check out this story and the entire Winter issue at http://fcjourney.com/.