On September 12, Ted Bovard was featured in an article by USA Today reporter Jeff Reeves, titled “Gen X seriously short on life insurance.” The article highlights a survey released by New York Life, which found that 20 percent of Gen Xers – those reported as middle-aged Americans born between 1965 and 1976– do not have life insurance. Reeves cites the 2008 financial collapse as a driving force behind why some may opt to overlook such insurance policies, given their finances may still be unstable from the Great Recession.
Ted offered his thoughts to Reeves, explaining that families often underestimate their life insurance needs. He says, “Most people don’t bother to do the math. It’s uncomfortable to dwell on issues like mortality or bad financial decisions.”
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