Milestones like marriage and parenthood are so delayed for millennials and Gen Z many of them are skipping out on life insurance, report finds
A recent Capgemini report indicates that millennials and Gen Z are delaying major life milestones like homeownership and starting families due to economic pressures. This delay impacts their financial planning, with many forgoing life insurance despite recognizing its importance. The report suggests that younger generations would be more inclined to purchase life insurance if policies were more affordable and clearly explained, particularly highlighting the value of 'living benefits' that can be accessed during their lifetime. AI
IMPACT This article discusses financial planning and consumer behavior related to life insurance, with no direct impact on AI operators.