Have you purchased life insurance? Do you know how much insurance someone your age should buy? To find out how much life insurance coverage various generations are buying, Insurist performed a survey. 50% of buyers of life insurance for less than $250,000 are aged 45 to 64, 30% are between the ages of 18 and 44, and 20% are 65 or older. On the other hand, 84% of people who get life insurance coverage for more than $1 million are between the ages of 18 and 44, with the remaining 16% being between the ages of 45 and 64. According to the study's data, buying life insurance when you're young might be a good idea.
Provided to you by: Insurist.com
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