What If Life Insurance Were Mandatory?
September 29, 2018 by John Hilton
CHICAGO — The law requires drivers to buy insurance to legally operate a vehicle. What if every person parenting a child under age 18 had to carry life insurance?
“If life insurance were mandatory for everyone, taxes would go down,” said Patrick Bet-David Thursday at the InsuranceNewsNet 2018 Superconference. “What if we did that?”
Nearly every demographic segment of the United States is underinsured. Speakers offered differing opinions on how to meet that market during Day 2 of the conference.