Report: 4 consumer groups often lack the life insurance they need

12/17/2012 | Insurance Networking News

Misunderstandings about the cost of life insurance often lead parents of large families, unmarried parents, women and people with certain health problems to carry less coverage than they need, according to a white paper based on a Genworth Financial study. "Consumers often believe life insurance costs nearly three times its actual price, and this is a major contributor to the large coverage gap we're seeing in these four groups," Brian Bulakites of Genworth says.

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