A recent study by Genworth Financial, Inc. titled Getting Over the Gap: Insights on Life Insurance Coverage in the US showed there are four major groups that are lacking in insurance coverage, exposing them to financial risk.
Unmarried parents, large families, women, and those with uncommon health concerns are the four that could benefit most from an insurance review.
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Consumers think life insurance costs about three times as much as it actually does and appears to be considered an expensive luxury in large families.
Fifty-nine percent of unmarried women have no insurance compared to 43% of married women.
Women are playing an increasingly important role in the financial health of families. In the next generation, more women are expected to out earn their husbands.
Many also think the best time to buy insurance is when they are in optimal health. But most companies now offer affordable plans even for those with preexisting conditions.
Changes in family structure have caused new needs to arise among investors. Reviews are a great way to start off the year and can also prove to jumpstart your business goals
in the first few months.