A majority of people believe life insurance is a valuable tool for estate and financial planning, but two-thirds of that group cite other priorities as a major obstacle to purchasing life insurance, according to a new ING U.S. study, “Insurance Revealed.”

Seventy-eight percent of survey respondents said life insurance was an important tool for estate and financial planning, and 53 percent said they believed the current economy makes life insurance even more important today than in past years.

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