Psst… The Secret to Financial Security is Owning Life Insurance
May 3, 2022 by LIMRA and Life Happens
Arlington, Va. and Windsor, Conn., April 25, 2022―According to new findings from the 2022 Insurance Barometer Study, conducted jointly by nonprofit industry trade associations LIMRA and Life Happens, 2 in 5 parents say they are barely or not at all financially secure.
This is increasingly critical, as most households haven’t prepared for the loss of a primary wage earner: 44% say it would take less than six months to feel financial hardship if this happened to their family.Financial insecurity transcends generations and is highest among Gen X (49%), followed by Millennials (44%), Gen Z (42%), and Baby Boomers (33%). One way to ease these concerns is life insurance.