Is There A Relevance Crisis With Life Insurance?
February 3, 2026 by Luca Russignan
Despite USD $83.5 trillion about to change hands in the largest wealth transfer in human history, life insurance is losing ground with the generation poised to inherit it. According to Capgemini’s World Life Insurance Report 2026, millennials and Gen Z are expected to inherit an average of $106,000 each. And when we asked them where they’d invest that money, 40% ranked life insurance and annuities third, behind cash savings and stocks. The under-40 generation recognizes life insurance as a pillar of wealth management – they just refuse to buy what the industry has designed with their parents’ generation in mind.
Originally Posted at Advisor Magazine on Feb 1, 2026 by Luca Russignan.
Categories: Industry Articles
