Panic life insurance purchase is the new bad hairstyle

June 15, 2021 by Business Insurance

A research report for Expertise.com that found many young Americans “panic bought” life insurance during the pandemic and now 21% of them regret it.

Of a survey of 1,000 Americans, the report revealed that 25% of Americans bought a life insurance policy during the pandemic and within this group, 21% were ages 18-24, 32% were ages 25-34, and 26% were ages 35-44. Just 22% were over 45.

And among those who bought life insurance during the pandemic, 21% now regret it while another 13% preferred not to say. Within that group of 21%, 74% were between the ages of 18 and 44, according to results.

Click HERE to read the full story via Business Insurance

Originally Posted at Business Insurance on June 9, 2021 by Business Insurance.