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Article: Americans 'on thin ice' without life insurance, Scott Hamilton says; Many don't know where, how to buy policies.(News)

Article from:
Investment News
Article date:
September 25, 2006
Copyright

Byline: Liz Skinner

Life insurance was Scott Hamilton's first purchase after winning a gold medal at the 1984 Sarajevo Olympics.

The figure skater didn't want his family to suffer the financial hardships that he experienced when his mother died of cancer when he was 19.

Many Americans, however, aren't doing likewise.

High-pressure sales

A recent study by LIMRA International Inc. of Windsor, Conn., showed that about two-thirds of the 48 million people who either hadn't bought life insurance or thought they should own more didn't know where to buy it or whom to see for help. LIMRA is a research and consulting firm for insurers ...

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