A new survey from
Genworth Financial indicates a significant gap for the second
consecutive year between the amount of life insurance most people
in the US have and what they may actually need.

The study also suggests
the gap tends to be substantially narrower for the college
educated. It said adults with a high school diploma or less, 60%
don’t have any life insurance, while only 44% of college educated
adults have gone without.

Janet Deskins,
Genworth’s senior vice president for life insurance products, said:
“As an industry, our challenge is to persuade people from all parts
of American society to view life insurance as a strategic financial
asset – a tool to help families achieve their financial goals and
protect what is most important to them.” She added: 
“Financial literacy empowers people to make informed and
responsible choices.”

 

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