More People Are Using Money From Their Life Insurance Policies Amid Recession Fears

By Jasmine Browley· Updated November 30, 2022

Life insurance are meant to protect the families of the dearly departed. But according to a recent report, rising costs are forcing people to tap into their policies just to live.

Yahoo reported that data from Massachusetts Mutual Life Insurance Co. showed a 31% year-over-year increase in the third quarter of Americans taking making early withdrawals topping out at almost $700 million.

“In this

Kimberly Wilson
Author: Kimberly Wilson

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.