Study: Boomer and Gen X Priorities Shifting National Underwriter (Life and Health Financial Services Edition) (01/15/02) Vol. 32, No. 1 p.A20; Schultz, Ellen E.
Allianz Life Insurance Company of North America released the results of two surveys--one conducted in August 2001 and the other conducted in early January 2002--that indicated what priorities Americans have in terms of life insurance and other financial priorities. The number of Baby Boomers and Generation Xers claiming that their financial well-being is of the utmost importance fell 10 percent since the tragedy; whereas the number concerned about their mortality has increased 8 percent. However, about 60 percent of the respondents have life insurance through their employers, 44 percent purchased it on their own, and the number of respondents with disability insurance increased 5 percent, as did the number of respondents with long-term care insurance (11 percent).