Nearly six in 10 middle-class households--defined as Americans ages 25-44 with household incomes under $100,000--recognize the need for life insurance protection. However, only 50 percent of those surveyed plan to move forward with a policy.
Life insurance roadblocks? Consumers are heading to the Internet for information, but are left with more questions than answers after looking online. Also, many assume that life insurance is beyond their budget and the lack of easy-to-find information hinders them from securing a policy.
"Buying life insurance is challenging for even the most motivated," says Beth Hirschhorn, senior vice president and chief marketing officer for MetLife, the largest U.S. life insurer. "Of those people who say they will buy life insurance, research shows that more than 80 percent will fail in their attempt."
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Want a free life insurance consultation? Contact Consumer United's expert at 732-917-4878 or e-mail him at Aaron.Biedrzycki@consumerunited.com for a quote.