Arlington, Va. and Windsor, Conn., 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. · * Life Insurance Key to Financial Security 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. Two-thirds (68%) of life insurance owners report feeling financially secure compared with 47% of non-owners. Those who feel most secure are people who have life insurance both through the workplace and through individual coverage ...
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