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LIFE: Sloth Major Barrier To Protection

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The Life and Health Insurance Foundation for Education says many individuals fail to buy life insurance simply . . . because.

LIFE, Arlington, Va., has included that finding in a summary of results from a survey of 1,007 U.S. residents ages 18 and older.

About 93% of the participants said most people should own life insurance, but about half said they have no coverage, or too little coverage.

Although 58% of the participants with too little coverage cited cost as the biggest barrier, 22% said they know too little about life insurance to buy it, and 23% said they just haven’t gotten around to buying it.