What do we mean by

“Real Benefits for Real Life™”

What do we mean by

“Real Benefits for Real Life™”

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% 62%

  • An ER visit can cost anywhere from $150 – $3,000 depending on the severities of your injuries or illness1
  • 62% of Americans report the possibility of major illness or injury as a top financial stressor2
  • Many health systems are now reporting that over 50% of primary care visits are now being performed via TELEMEDICINE3

 

Death of a Loved One

  • 43% 43%

Loss of Job

  • 43% 43%

Unexpected Home Expenses

  • 33% 33%

Unexpected Auto Expenses

  • 29% 29%

Identity Theft

  • 23% 23%

  • There were more than 650,000 cases of identity theft in 201912
  • Identity Theft happens every 22 seconds in the U.S.13

 

Unexpected Veterinary Care

Unexpected
Veterinary Care

  • 14% 14%

Divorce

  • 14% 14%

Moving

  • 13% 13%

College Tuition

  • 11% 11%

Unexpected Travel

Unexpected
Travel

  • 10% 10%

Marriage

  • 8% 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