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Classified in: Business, Covid-19 virus
Subject: SVY

83 Million Americans Say COVID-19 Makes Them More Likely to Buy Life Insurance


NEW YORK, May 28, 2020 /PRNewswire/ -- As the coronavirus pandemic continues to impact everything from the economy to daily life, worries over personal safety have driven 83 million Americans to consider buying life insurance or increasing their life insurance coverage, according to a new survey from ValuePenguin.com by LendingTree.

Key Findings:

"Ultimately, the amount of coverage you have should be enough to meet all of your future financial obligations, minus the assets that would be liquidated on your passing," said Chris Moon, Insurance Product Manager at ValuePenguin.com. He added, "While families are bound to cut back spending and adjust in such unfortunate cases, calculating your family's needs today and using that number to gauge your life insurance coverage can minimize the financial difficulty they would face."

ValuePenguin.com Qualtrics to conduct an online survey of 1,136 Americans, with the sample base proportioned to represent the overall population. The survey was fielded in May 2020. To view the full report, visit: https://www.valuepenguin.com/life-insurance-coronavirus-survey

About ValuePenguin.com: ValuePenguin.com, part of LendingTree (NASDAQ: TREE), is a personal finance website that conducts in-depth research and provides objective analysis to help guide consumers to the best financial decisions. ValuePenguin focuses on value, assessing whether the return of a particular decision is worth the cost or risk of that option, and how this stacks up with the other possible choices they may have. For more information, please visit www.valuepenguin.com, like our Facebook page or follow us on Twitter @ValuePenguin.

Additional Information: https://www.valuepenguin.com/average-cost-life-insurance

Media Contact:
Divya Sangam (Ms.)
646 693 8445
[email protected]

 

SOURCE ValuePenguin.com


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