Covid-19 Expands Life Insurance Purchases Beyond Wealthy
June 1, 2021 by Leslie Scism
U.S. households from a range of incomes are buying more life-insurance policies than in years past.
The number of life-insurance policies sold jumped 11% in the first quarter from a year earlier, the biggest gain since 1983, according to the industry research firm Limra. The boost extends the sales increases that began last year as deaths related to Covid-19 led many consumers to buy coverage.