Few U.S. residents have enough life insurance.[@@]
The Allstate Corp., Northbrook, Ill., reaches that conclusion in a report on a recent survey administered by LIMRA International, Windsor, Conn. LIMRA researchers helped Allstate look at the amount of life insurance owned by residents of the 25 U.S. metropolitan areas with the biggest populations.
Atlanta residents ranked first, with nearly 8 in 10 Atlantans having some form of life insurance and about 6 in 10 living in a household that owns at least 1 individual life insurance policy.
Los Angeles ranked last, with about 40% of Los Angeles residents lacking any form of life insurance.
Other major findings: