Fewer middle age Americans buying life insurance

Fewer middle age Americans buying life insurance

[Ed. note: Weak economy? That’s their problem.]

An insurance industry survey finds that fewer middle aged Americans are buying life insurance. The numbers show that between 2008 and 2013, there was a 35-percent decline in the number of middle aged Americans carrying life insurance. Many of them say the weak economy is the reason.

One Denver mother is on a mission to change that. Essie Curtis-Rockwell suffered the loss of her husband two years ago. Paul Rockwell was a pastor at a local church, a beloved husband, and the father of four. He died suddenly and had no life insurance for his family to fall back on.

“You think… you’re young… because he was 42…so…you don’t need that insurance,” Curtis-Rockwell told CBS4.

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Faced with funeral expenses, loss of income, and kids who planned to go to college, Curtis-Rockwell has struggled financially. She says that a life insurance policy could have made all the difference in the world.

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