Americans worry about providing for their families in the event of their death, but most are unaware of many of the benefits life insurance can provide, according to a new survey from Edward Jones, a financial services firm, and Life Happens, a nonprofit consumer education group.
In the same survey, a quarter of survey respondents said their biggest concern was leaving financial burdens on loved ones if they suddenly became unable to work or died tomorrow. Yet only 41% said they had an individual life insurance policy, and 32% said life insurance was a low or nonexistent priority in starting a family.
"Protecting your assets and aspirations is a critical part of a comprehensive financial strategy," Ken Cella, principal of the client strategies group at Edward Jones, said in a statement.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
