St. Louis Insurance and Risk Management
It could mean a life of constant stress and anxiety.
Or it could be a life with enough savings to buy a car or pay for a vacation.
In a world where government can no longer pay for life insurance, it can mean a much different life.
But that is exactly what is happening in a handful of states.
The latest data from the Insurance Information Institute shows that as of Dec. 31, life insurance policies purchased by individuals and businesses were up 4.7 percent compared with a year earlier.
But the number of people with life insurance in the United States has been dropping steadily since 2009, with the average age of the population falling to 32 in 2017.
The data shows that the average premium paid for a policy in 2017 was $2,976.
That is down 4.4 percent from $2