Why Many U.S. Households Don’t Own Life Insurance

A sizable portion of U.S. adults are not buying life insurance, according to a new study, often because it is too expensive.

Almost two-fifths of Americans, 37 percent, do not have a life insurance policy, according to a recent survey sponsored by InsuranceQuotes, with the most commonly cited reason being that they cannot afford it.

Among the uninsured respondents in the study, 59 percent reported not buying insurance because of the associated expense.

Household income is a strong predictor of insurance coverage.

from FA News http://www.fa-mag.com/news/why-many-u-s–households-don-t-own-life-insurance-33420.html

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