Megan Sanctorum https://www.insuranks.com 1m 125 #lifeinsurance
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
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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