1. The Big Millennial Life Insurance Gap

    The Big Millennial Life Insurance Gap

    Only 10% of Millennials say they have enough life insurance in place to cover self-reported needs should they die, putting their family members at risk. That’s the sobering news from New York Life’s 2018 Life Insurance Gap Survey. Millennials with life insurance have an average of $100,000 in life insurance protection in place, enough to cover one fifth (22%) of their self-reported coverage needs of $452,000. That’s a coverage shortfall of $352,000.

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