GRAND RAPIDS, Mich. – AAA found through a survey that one-third of Michiganders do not have a life insurance policy.
Of the Michiganders that have life insurance, over half have a policy valued between one to three times their annual salary.
The study was done during September, Life Insurance Awareness Month. AAA mentioned in the study most people don’t like to think about death, but in order to guarantee a more secure financial future for loved ones, having a plan in place is necessary.
The report mentions how a number of people have preconceived notions about life insurance, which are often times false.
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