1 in 3 households in U.S. lack life insurance, LIMRA says

02/13/2012 | Chicago Tribune (tiered subscription model)

About one-third of U.S. households have no life insurance, and nearly 70% of children would face a dire financial situation if their family's primary income earner were to die, according to a LIMRA survey. The survey also found that about 50% of families said they need more insurance, and policy ownership is at its lowest point in a half century.

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