Gen X in Need of Extra Life Insurance

A recent New York Life survey show 20% of Americans born between1965 and 1976 report zero life insurance coverage, up from 5% in 2008.

The survey also reported a median coverage of $260,000,which is almost $449,000 below what is needed.

As a rule of thumb, you should have five to ten times yourincome in life insurance.

See Jeff Reeves, Survey: Gen X Seriously Short on LifeInsurance, Detroit Free Press, Sept. 12, 2013.