Millennials clueless on need for life or disability insurance: survey

Published 3 Min Read

A large part of the millennial population is still cooped up in their parent’s basements, but more are saying they are growing up by making more financial decisions following their first job. This blooming adult group, however, is missing out on the benefits of protecting their health through voluntary insurance, according to new survey findings from The Hartford.    

The “adult” label was heralded by about half of the surveyed population who said achieving their first job and making financial decisions granted them access to adulthood. For 38% of the December 2013 Gen Y Speaks survey group, becoming an adult consisted of moving out of their parents’ homes. Twenty-seven percent said starting a family and 23% said that getting married is milestone of growing up.


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