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Millennials, Gen Z delay life insurance due to cost, complexity

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

影响 This article discusses financial planning and consumer behavior related to life insurance, with no direct impact on AI operators.

排序理由 The article discusses a report's findings on consumer behavior and financial decisions, rather than announcing a new product, policy, or significant industry event.

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Millennials, Gen Z delay life insurance due to cost, complexity

报道来源 [1]

  1. Fortune TIER_1 English(EN) · Sydney Lake ·

    Milestones like marriage and parenthood are so delayed for millennials and Gen Z many of them are skipping out on life insurance, report finds

    “We failed you 1,000 times over,” one expert told Fortune exclusively. “We don't educate you at the time that you're going through your benefit selection.”