A recent survey of 1,001 adults finds that 37 percent of them do not have life insurance, and nearly 60 percent of that group thinks the coverage is just too expensive. Those without life insurance also tend to believe that they’re healthy and don’t need coverage yet (51 percent). And millennials? They overwhelmingly lack life insurance, mostly (71 percent) because they think their good health outweighs the need.
Age, marital status, education, and income have a big influence, according to the survey, in whether someone buys life insurance.
The Princeton survey was commissioned by InsuranceQuotes.com and conducted in May 2017. Read more HERE.