The companies surveyed 1,004 people older than 25 years of age and concluded that the median life insurance coverage for Gen Xers is only $260,000.
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New York Life Insurance Co. and The Futures Co. estimate that the average life insurance shortfall for members of Generation X is $448,996. So reports InvestmentNews.
The companies surveyed 1,004 people older than 25 years of age and concluded that the median life insurance coverage for Gen Xers is only $260,000.