Around 56% of life insurance owners are optimists compared to only 48% of non-owners, according to a report by American International Group (AIG).
The study, which polled more than 8,100 adults in the US, found 53% of consumers aged between 21 and 64 years owning life insurance.
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Participants in group retirement plans, including 401(k) and pension plans, were found most likely to own life insurance.
AIG life insurance survey
Also, 69% of participants in group retirement plans were found owning life insurance, versus 44% of non-participants.
Among consumers not participating in a group retirement plan, those owning an individual retirement plan were found most likely to own life insurance.
In case of consumers with individual retirement plans, 64% were found owning life insurance and 37% without individual retirement plans were found owning life insurance.
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By GlobalDataThe study also found life insurance owners older and wealthier compared to non-owners. The median age and median annual income of life insurance owners was 43 and $88,000, respectively.
The median age of non-owners was found to be 39, with their median annual income being $70,000.
According to the study, life insurance owners are also more likely than non-owners to work full time, be homeowners, and be married.
