Michigan is the only state in the United States that offers unlimited lifetime medical benefits. This benefit-rich coverage comes at a cost as Michigan over the past several years has ranked as having some of the highest auto insurance rates in the country. With increasing costs of medical care, the average cost per claim has steadily rose over the past 47 years. One result of higher insurance premiums is that an estimated more than 20% of Michigan drivers are uninsured.
The Life and Health Insurance Foundation for Education (LIFE) is a non-profit organization designed to address the public’s growing need for information and education on life, health, and disability insurance. LIFE also seeks to remind people of the important role agents perform in helping families, businesses, and individuals find the insurance products that best fit their needs.