Securian presents survey at ABIA conference that highlights an insurance opportunity for banks
September 26, 2014- ST. PAUL, Minn.–(BUSINESS WIRE)–Consumers of all ages wrestle with debt, but many do not realize what would happen to their debt should they die unexpectedly.
Securian Financial Group’s consumer survey of 1,004 people, “Debt: The inheritance no one wants,” shows that the overwhelming majority are alarmed by the notion that their debt could burden family members who inherit their estates or cosign their loans.
Kristi Nelson, second vice president and actuary, Securian Financial Group, will present the survey at a session on Current Research in Bank Insurance at the American Bankers Insurance Association annual conference in San Antonio, TX next week.
“Our survey shows that consumers have significant unmet debt protection needs and are likely to be receptive to product offers,” said Nelson, FSA, MAAA. “Banks are in a great position to offer the products that meet those needs.”
The survey includes data about survey respondents’ current financial situations, including how the amount of debt they carry compares to their current savings or assets: 56 percent say their debt is higher.
Nelson will present the survey and participate in a panel discussion at 10:45 AM Monday, September 29 at the Hyatt Regency Hill Country Resort in San Antonio.
Download the survey: Debt: The inheritance no one wants
Securian Financial Group is one of the most highly-rated US insurance company groups and the financial strength of its member insurance companies provides security and value for clients. Through its member insurance companies, Securian offers insurance, debt protection, loan documents and related marketing services to more than 4,000 US financial institutions. Securian Financial Group is the holding company parent of a group of companies that offer a broad range of financial services.
