Substantial numbers of Americans with common, pre-existing conditions hold no life insurance, according to a new report.
Genworth Financial Inc., Richmond, Va., published this finding in its 2012 Genworth LifeJacket Study of the uninsured in America, the study conducted in collaboration with independent research firms J&K Solutions and Ruf Strategic Solutions. The supporting data for the study was collected over 15 months and administered by telephone, online and mail to 25,000 U.S. adults ages 18 and older.
The report reveals that between 39% and 54% of Americans between the ages of 18 and 64 with common, self-reported pre-existing conditions hold no life insurance. And doubts over insurability have led many potential candidates to not apply for coverage.
Uninsured sufferers of anxiety, asthma and depression account for more than half of all those who reported the condition (53%, 54% and 53%, respectively). Likewise, 40% of individuals with hypertension, 44% of those with weight problems and 42% of those with sleep apnea respond that they own no life insurance.
Nearly four in ten Americans living with high cholesterol (39%) also remain uninsured, the survey notes.