Millennials may want to marry, buy a house and have kids, but most aren't thinking about buying life insurance in case they die prematurely and saddle their family with a mortgage and other bills – including their student debt, so says an Anthem survey.
The survey, conducted via YouGov, collected data from 905 U.S. adults who work at a company with at least two employees. Just over a third (39 percent) of millennials say it is important for an employer to offer life insurance – even though other research shows that 70 percent want to get married, 74 percent want to have a family, and 93 percent want to own a home.
Millennials as a group are already saddled with the highest level of student debt of any generation – and Anthem wants them to realize that without life insurance, they could be sticking their family with that debt and other bills if they die sooner than they think.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
