An article in LifeHealthPro this month summarizes Northwestern Mutuals annual survey on life insurance, with some concerning results.
The report shows that slightly more than half of adults (51 percent) own life insurance. The other 49 percent of the adult population cite a host of reasons for not owning life insurance. Among them:
- 43 percent say that life insurance is too expensive.
- 31 percent say that coverage is a low priority compared to other expenses.
- 14 percent say they never thought about life insurance and don’t know much about it.
- 12 percent don’t know where to start.
- 8 percent note they don’t have time to research/learn about/explore their options.
- 6 percent say that life insurance is too complicated.
- 5 percent say the product is too stressful.”
For the entire article, click here.