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
- 11%
Unexpected Travel
Unexpected
Travel
- 10%
Marriage
- 8%
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 income17
%
Almost 50% of all Americans don’t have cash to cover a $500 unplanned expense18
%
Only 29% of American households say they live comfortably19
%
Over 40% of adult Americans rely on an auto loan to pay for a car20
%
Over 70% of Millennials cannot demonstrate basic financial literacy21
%
60% of families have had at least one financial shock in the last 12 months22
%
+50% of Healthcare Providers agree telemedicine prevents emergency23
%
Approximately 75% of households say they’re unable to save for the future24
%
Prices on household necessities are up over 20%25
More Reasons Why
The average American spends
PER YEAR ON CAR REPAIRS AND MAINTENANCE26
The average car accident in the U.S. costs more than
PER PERSON27
ABOUT
Properties in the U.S. covered by insurance has a claim each year28
OVER
%
of out-of-pocket medical costs are more than $50029
External Sources
The Balance1 FIMC Proprietary Research 2 National Institutes of Health3 Parting.com4 Policy Genius5 Super Money6 Home Guide7 Bank Rate8 CNBC9 Business Insider10 Greater Alliance11 FTC12 Forbes13 CNBC14 My Moving Reviews15 Market Watch16 The Ascent17 Pew Research Center18 Finder.com19 Rock the Wall Street20 Forbes21 Sage Growth Partners22 CNBC23
CNBC24 Chime25 Super Money26 Insurance Information Institute27 Modern Healthcare28