Most people know they need life insurance, but many still go without it. Some people have never even considered insurance basics and have no idea where to start. Others are avoiding life insurance because of a number of simple misconceptions.
According to a survey by the nonprofit LIFE Foundation, 30% of people surveyed believe they should have life insurance, and 20% of those already insured believe they need more life insurance.
So why do people who say they need life insurance not go out and get the coverage they need?