Megan Sanctorum https://www.insuranks.com 1m 133 #lifeinsurance
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Study: 1 in 2 Millennials Don’t Have Life Insurance
The new year has many people thinking about planning, but for many in the wake of open enrollment, insurance is just another point of anxiety.
A new survey by Insuranks found surprising insights about married millennials, specifically, how they approach and view the financial safety net. While over 1 in 2 (53%) do not own life insurance, 48% want it.
The main reason holding many of them back? Finances and confusion surrounding the insurance process.
- 1 in 6 would face financial hardship within one MONTH of their spouse passing
- Half would face financial hardship within SIX months
- Despite this, 31% of married millennials don’t have life insurance
While 1 in 4 millennials are worried about insurance premiums, the number is only slightly lower for married millennials at 22%.
Take a look at the full report.
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