Americans Cutting Back on Expenses, But Consider Life Insurance a Must

Americans are looking for ways to spend less, but when it comes to life insurance they’re holding on to their policies, according to a recent report entitled, The Value of Life in Tough Economic Times issued by Prudential Financial, Inc.

The study found that 93% of consumers consider life insurance a “must.” Despite the fact that 70% have cut back on routine expenditures, 84% indicate they view the cost of life insurance as relatively minimal when compared to other items in the household budget.

Americans Cutting Back on Expenses, But Consider Life Insurance a Must
Source: Yahoo! Finance