Life Insurance Ownership at 50 Year Low

Life Insurance Ownership at 50 Year Low - Four in 10 U.S. Households with Children Would Have Immediate Trouble Paying Bills if the Primary Breadwinner Died Today ARLINGTON, Va., and WINDSOR, Conn., Aug 30, 2010 /PRNewswire via COMTEX/ -- Despite the fact that most American families have less to fall back on financially than when the economic downturn began, ownership of individual life insurance has hit a 50-year low, according to a new LIMRA study. The Trends in Life Insurance Ownership study, conducted every six years by LIMRA, found that only 44 percent of U.S. households have individual life insurance. The number of U.S. households that have no life insurance whatsoever is growing. Today, 30 percent of households (35 million) have no life insurance coverage, compared to 22 percent of households in 2004. Among households with children under age 18, which arguably have the greatest need for life insurance, 11 million have no coverage. Read More here: http://www.freeerisa.com/news/fe_daily.aspx?StoryId={5C4F943E-9140-425B-896F-53B5F4EE5E8A}

Know Your Coverage
The insurance industry like many, if not all others...