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October 08, 2002 at 08:00 PM
NU Online News Service, Oct. 8, 10:20 a.m. — Many Americans lack adequate life insurance and have no idea how much coverage they really need, according to results of a survey by Roper ASW L.L.C., New York.
The researchers who conducted the survey, which was sponsored by MetLife Inc., New York, interviewed 1,013 adult U.S. residents in August. The researchers found that about one-third of the survey participants had no life insurance at all, and 30% had coverage equal to less than one-third of annual income.
Seventy-six percent of the participants with life insurance coverage equal to less than annual income thought they had enough coverage.
