Life Insurance Gaps Result from Mistaken Beliefs about Cost

Genworth study identifies four consumer groups most at risk of being underinsured, recommends annual insurance reviews.

December 17, 2012

Chris McMahon

Consumers have a number of misperceptions about life insurance that keep them from buying adequate coverage, according to "Getting Over the Gap: Insights on Life Insurance Coverage in the U.S.," a white paper based on Genworth Financial Inc.'s 2012 LifeJacket Study, and four groups face the largest coverage gaps: large families, unmarried parents, women and those with certain common health conditions.

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