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Survey Finds Parental Haves And Have Nots

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Most U.S. residents believe that having life insurance is important, but some who need life coverage the most have none.

Researchers at Country Insurance & Financial Services, Bloomington, Ill., talk about U.S. consumer life insurance attitudes and ownership in a summary of results from a recent survey of 3,000 U.S. adult residents.

The researchers found that 73% of the participants agree that life insurance is very or somewhat important, but 30% have no coverage, and only 17% have enough coverage to replace more than 3 years of their current income, the researchers report.