It’s eye-opening to see that 78% of global families haven’t really sat down to talk through life insurance. That’s a reminder of how easily long-term protection planning can be put off or missed altogether. Interestingly, the numbers show just how much assumptions differ from reality: while 60% of adult children think their parents are covered, only 44% of parents actually have life insurance in place. This communication gap doesn’t stop at insurance—it’s the same story with retirement funds, healthcare planning, and legacy discussions. The result? Families can find themselves less prepared than they imagined. One step I encourage is to schedule a family meeting once a year, or after any major life event, to talk through coverage and document what matters. Getting these conversations started early, and bringing in a financial professional as part of your broader approach to saving, investing, and retirement planning, can make all the difference.
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