Life Insurance Consumers Remain Confident
Life insurance in an economic downturn can be stressful for consumers. However, despite continued difficult economic conditions, Americans still believe in the importance of life insurance. A report by Prudential Financial shows that 93 percent of consumers surveyed consider life insurance a necessary part of their personal financial plan. Start comparing life insurance quotes below to find the right plan for your budget.
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Written by
Tim Bain
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Reviewed by
Benji Carr
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UPDATED: Oct 28, 2020
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Despite continued difficult economic conditions, Americans appear to remain believers in the importance of life insurance. A recent report issued by Prudential Financial indicates 93 percent of consumers surveyed consider life insurance a necessary part of a personal financial plan.
The study also found that 84 percent of respondents consider life insurance to be relatively inexpensive compared to other household budget items. 78 percent of those surveyed are confident their life insurance policy is safe and will be there to protect their loved ones if necessary.
Sources: Prudential Financial, Inc., Reuters
