Ownership of life insurance has been on a steady decline, and the reason many experts point to are other more pressing financial priorities — particularly with retirement income becoming such a hot priority.

According to recent data from the 2015 Insurance Barometer study, a report produced annually by Life Happens and LIMRA, the chief financial concern among Americans is having enough money to comfortably retire. Nearly two-thirds of those polled (67%) identify retirement funding as an issue — compared with 55% who flag paying for long-term care services, covering medical expenses (54%) and supporting oneself if disabled and unable to work (51%).

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access