In Down Economy, Americans Consider Life Insurance More Important Than Ever

In these challenging economic times, Americans have made numerous adjustments to shore up their family finances. Savings rates are on the rise, debt is being consolidated and slowly paid down, and people are spending and investing their money more conservatively. It may be time to add another trend to the list. According to a new survey released by the nonprofit LIFE Foundation, 56 percent of Americans say the economic downturn has made it more important to have life insurance, compared to just nine percent who believe the need has diminished. Moreover, over the past year more people appear to have added to their life insurance coverage than have lost or reduced their coverage.

In Down Economy, Americans Consider Life Insurance More Important Than Ever
Source: PR Newswire