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Personal Insurance
HEADLINE: Families don't have enough
life insurance, study reports Families would need to spend between $98 and $444 more each year to bridge the gap between their economic needs and the coverage provided by insurance, said the study by the world's biggest reinsurer of life-insurance policies. In the United States, families on average would need to more than double their annual premiums, to $444 to cover the shortfall, according to the study. Overall in the United States, households spend $10.6 trillion less than they should to protect against the economic consequences of death, the study concluded. The study says more education in the workplace is needed to help families understand how to bridge the gap in coverage. Bob Adams, CLU Home |
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