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America’s $12 Trillion Life Insurance Gap Exposes Critical Financial Vulnerabilities
America’s $12 Trillion Life Insurance Gap Exposes Critical Financial Vulnerabilities
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BTCCSquare news:
The U.S. life insurance market reveals a stark paradox: widespread acknowledgment of necessity contrasted with alarming under-ownership. A $12 trillion coverage deficit leaves 75 million Americans unprotected and 27 million severely underinsured, exposing households to catastrophic financial risk upon loss of primary earners.
Young adults face particularly damaging misconceptions, with many healthy individuals aged 18–30 overestimating policy costs by 12-fold. Meanwhile, affluent consumers are increasingly leveraging life insurance as a sophisticated wealth accumulation vehicle, signaling a bifurcation in market utility.
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