
Help for Unmet Financial Needs
We all have concerns about our financial lives – and while insurance helps, it doesn’t always provide full protection from common expenses. That’s why FIMC provides plans that cover expenses related to auto, home, family, health, and lifestyle needs.
Top Financial Stressors
Based on FIMC proprietary research
Percentage of respondents who listed the following events when asked:
“Which of the following events would provide a significant financial challenge?”
Major Illness or Injury
- 62%
Death of a Loved One
- 43%
Loss of Job
- 43%
Unexpected Home Expenses
- 33%
Unexpected Auto Expenses
- 29%
Identity Theft
- 23%
Unexpected Veterinary Care
Unexpected
Veterinary Care
- 14%
Divorce
- 14%
Moving
- 13%
College Tuition
- 9%
Unexpected Travel
Unexpected
Travel
- 8%
Marriage
- 6%
Why Purchase an FIMC Plan
Million
An estimated 55MM Americans report having said they have nothing saved in an emergency fund1
%
According to a CFSI Financial Health survey, 44% of respondents have expenses that exceed their income2
%
Almost 40% of Americans do not have the cash to cover a $400 unexpected expense3
%
Only 29% of American households say they live comfortably4
%
Over 40% of adult Americans rely on an auto loan to pay for a car5
%
Over 70% of Millennials cannot demonstrate basic financial literacy6
%
60% of families have had at least one financial shock in the last 12 months7
More Reasons Why
The average American will spend almost
PER YEAR ON CAR REPAIRS8
The average car accident in the U.S. costs more than
PER PERSON9
ABOUT
Properties in the U.S. covered by insurance has a claim each year10
OVER
%
of out-of-pocket medical costs are more than $50011
External Sources
CNBC1 Market Watch2 Federal Reserve3 Pew Research Center4 Finder.com5 Rock the Wall Street6 Forbes7 RecordOnline8 SuperMoney9 III10 Modern Healthcare11. Policygenius12 Super Money13 Home Guide14 Bankrate15 USA Today16 BusinessInsider.com17 The Balance18 Schwab Modern Wealth Survey19 FIMC Proprietary Research20 Washington Post21 FTC22 Parting.com23 moveBuddha.com24