Often times individuals choose to purchase life insurance that will benefit their loved ones when they are no longer around. On average, people will expect life insurance to “cover expenses for at least 14 years after they die – but in reality, the money is usually enough to cover only three years of expenses.” This new information may affect how Americans look at life insurance coverage and financial planning for their families’ futures.
Click here to read the full article by Jonnelle Marte for Washington Post.