Insurance Terms Confuse Young Consumers: NAIC

September 10, 2024 by Allison Bell

Companies that want to sell life insurance, annuities and related products and services to the youngest adults will have to do more to explain what the words mean.

Only 32% of U.S. residents ages 18 through 27 told a survey team that they know what an insurance claim is, according to the National Association of Insurance Commissioners.

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Originally Posted at Think Advisor on September 4, 2024 by Allison Bell.