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
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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