Study shows gaps in young adults' finance, insurance knowledge

03/6/2013 | BenefitsPro.com

A new survey shows most young adults lack important financial and insurance knowledge. For example, 60% of respondents do not know the difference between term and permanent life insurance, and 30% are unaware of what kind of policy they have. "Insurance plays an important role in financial security, and we need to help young people better understand their needs so they can protect themselves from unexpected curveballs," said LearnVest.com CEO and founder Alexa von Tobel.

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