Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Awareness Gap Found

Your article was successfully shared with the contacts you provided.

Women want the kinds of living benefits that life insurance policies can offer, but few know that those living benefits options exist.

Penn Mutual Life Insurance Company, Horsham, Pa., has published that finding in a summary of results from a recent survey of 600 U.S. women.

About 69% of the women interviewed knew that life insurance could help them leave an inheritance for loved ones, but only 45% said leaving an inheritance for loved ones is important.

About 79% of the women interviewed said having a steady stream of retirement income is important, but only 38% said they were very or somewhat familiar with life insurance income features.

Similarly, 50% said helping children pay for college is important, but only43% said they knew how to use life insurance as a college funding vehicle.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.