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Article: Consumers See Life Insurance as a Way to Help Offset the Value of Assets Lost Due to Financial Volatility.
- Article from:
- Insurance Weekly News
- Article date:
- November 13, 2009
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Americans believe life insurance can help bridge the gaps for loved ones created by losses in their financial portfolio, according to a report, Renewed Relevancy of Life Insurance in Stormy Economic Times issued by Prudential Financial, Inc.(Prudential), (NYSE: PRU)
The study found two-thirds of consumers believe market conditions reinforce the need to have adequate life insurance coverage. In spite of this, just 24% have reviewed their coverage and even fewer have made changes, according to Prudential's research.
"The market collapse last year led all of us to ...