Millennials think about life, insurance under lock and key

A recent study by a specialized research firm Greenwald Research shows that millennials' thoughts have wandered in various places during the pandemic, even to think about life insurance.

The Millennial Life Insurance Survey found that while eight out of ten millennia believe "people like me" need life insurance, less than half know how much life insurance coverage they need.

And while seven out of ten millennia want insurance and investment options and expertise from insurance companies, only 26% of millennia have set aside savings or created an emergency fund.

The survey also showed that a high proportion of millennials value both online and personal shopping.

"The global COVID-1

9 pandemic has radically changed each generation's view of both their physical and economic health and well-being – especially millennia," said Lisa Greenwald, CEO of Greenwald Research.

The survey was aimed at 24-year-old Americans -39 years old, married or with dependent children with a household income exceeding $ 50,000 and including responses from 1,000 interviews.

Catalog