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Less than half of millennials have life insurance policies

According to the survey conducted by the Insuranks website, less than half of millennials have life insurance policies. Of 1,000 respondents born between 1981 and 1996, only 47% said they had such a policy, the CNBC channel website reports.
Less than half of millennials have life insurance policies

48% of those who do not have insurance coverage said that they would like to enter into an agreement with LIC, but cannot afford such expenses. 66% of young people said insurance premiums were too expensive for them. Only 36% of respondents believe they do not need a life insurance policy.

Many millennials become parents or partners, so they need life insurance policies. Besides, insurance companies cover student loans if insured events occur with debtors. These are just a few of the reasons that motivate millennials to buy life insurance policies.

Source: https://www.cnbc.com/select/less-than-half-of-millennials-have-life-insurance/

Photos are from open sources.

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