The number of U.S. adults with life insurance protection dropped to an all-time low in 2011, says a study conducted by the Life Insurance Market and Research Association (LIMRA). The worldwide insurance and financial association revealed that 41 percent of American adults had no life insurance coverage at all last year.
The LIMRA study revealed that nearly half of all U.S. adults are going without life insurance policies. This amounts to approximately 95 million people.
The study found that the likelihood of going without life insurance coverage has dramatically increase for every age group since 2004.