Life Insurance for the Lost Generation: A System in Crisis A recent report by Capgemini highlights a disturbing trend among millennials and Gen Z: despite nearly 70% of adults under 40 considering life insurance essential, many are skipping it due to perceived expense and complexity.
The issue, however, runs deeper than affordability or lack of understanding.
The traditional life insurance model, built on promises of death benefits and complex jargon, has failed to adapt to the changing needs and priorities of younger generations.