The Pandemic Has Moved Life Insurance to the Forefront
The pandemic has spurred many people to start end-of-life planning. Sixty-five percent of consumers now have a will and a life insurance policy, according to a survey by Consumer Affairs. Respondents took out an average of $60,000 in coverage for a life insurance policy.
Ten years is the most typical term. Encouragingly, 88% say their life insurance policy meets their needs.