--- title: New Research Shows Life Insurance Is Key to Financial Security description: LIMRA and Life Happens have published a new study showing life insurance is key to financial security and gender gaps extend to life insurance coverage. image: https://at.naifa.org/hubfs/Workplace%20with%20tablet%20pc%20showing%20charts%20and%20a%20cup%20of%20coffee%20on%20a%20wooden%20work%20table%20close-up.jpeg --- [![ApexNLC_banner2-1](https://at.naifa.org/hs-fs/hubfs/ApexNLC_banner2-1.jpg?width=728&height=73&name=ApexNLC_banner2-1.jpg)](https://apex.naifa.org/) [![Advisor Today Logo - White@960](https://at.naifa.org/hs-fs/hubfs/Advisor%20Today%20Logo%20-%20White@960.png?width=960&height=146&name=Advisor%20Today%20Logo%20-%20White@960.png) ![Advisor Today Logo - White@960](https://at.naifa.org/hs-fs/hubfs/Advisor%20Today%20Logo%20-%20White@960.png?width=960&height=146&name=Advisor%20Today%20Logo%20-%20White@960.png) ](https://at.naifa.org/) [![Join NAIFA](https://no-cache.hubspot.com/cta/default/2635471/19793afe-5adf-4f28-b999-9dd4527de76b.png)](https://cta-redirect.hubspot.com/cta/redirect/2635471/19793afe-5adf-4f28-b999-9dd4527de76b) [**](https://at.naifa.org/new-research-shows-life-insurance-is-key-to-financial-security#tmpmodule_1614584860767204) ** ![Lifesaver Beach-1](https://at.naifa.org/hs-fs/hubfs/Lifesaver%20Beach-1.jpeg?width=1400&height=799&name=Lifesaver%20Beach-1.jpeg) #### **NAIFA Members Provide Financial Security** ###### 2 min read ## [New Research Shows Life Insurance Is Key to Financial Security](https://at.naifa.org/new-research-shows-life-insurance-is-key-to-financial-security) By [NAIFA](https://at.naifa.org/author/naifa) on 4/26/22 12:00 PM ###### Topics: [Life Insurance & Annuities](https://at.naifa.org/topic/life-insurance-annuities) [Research/Trends](https://at.naifa.org/topic/research-trends) [Insurance](https://at.naifa.org/topic/insurance) ![](https://at.naifa.org/hubfs/Workplace%20with%20tablet%20pc%20showing%20charts%20and%20a%20cup%20of%20coffee%20on%20a%20wooden%20work%20table%20close-up.jpeg) [LIMRA](https://www.limra.com/en/) and [Life Happens](http://lifehappens.org/) have published the results of their [2022 Insurance Barometer Study](https://www.limra.com/en/newsroom/news-releases/2022/2022-insurance-barometer-study-reveals-the-secret-to-financial-security-is--owning-life-insurance/). The new study surveyed 8,517 individuals and shows two key trends: life insurance is key to financial security and gender gaps extend to life insurance coverage. #### Financial Security with Life Insurance While financial insecurity affects all age groups, more life insurance owners (68%) report feeling financially secure than non-owners (47%). Additionally, the COVID-19 pandemic had increased awareness of the need for life insurance and 31% of those surveyed say they are more likely to buy life insurance this year.   #### Gender Gap Among Life Insurance Owners The joint study also showed that the difference between how much insurance people have versus how much they think they need is higher than ever. A gender gap also exists with 46% of women reporting having life insurance compared with 53% of men. Female respondents reported their reason for not owning life insurance: it’s too expensive, they have other financial priorities, and they don’t know which policy to choose.  About LIMRA®   Serving the industry since 1916, LIMRA helps to advance the financial services industry by empowering more than 700 financial services companies worldwide with knowledge, insights, connections, and solutions. Visit LIMRA at [www.limra.com](https://www.limra.com/en/).  Media Contacts  Catherine Theroux, (860) 285-7787, [ctheroux@limra.com](mailto:ctheroux@limra.com)  Brooke Lacey, (860) 293-3920, [blacey@limra.com](mailto:blacey@limra.com)  # TOPIC LIST : - [Member Spotlight (186)](https://at.naifa.org/tag/member-spotlight) - [Press Release (161)](https://at.naifa.org/tag/press-release) - [Podcast (97)](https://at.naifa.org/tag/podcast) - [Advisor Today (87)](https://at.naifa.org/tag/advisor-today) - [Loyal Member Profile (83)](https://at.naifa.org/tag/loyal-member-profile) - [Leaders (65)](https://at.naifa.org/tag/leaders) - [Life Insurance & Annuities (63)](https://at.naifa.org/tag/life-insurance-annuities) - [Awards (56)](https://at.naifa.org/tag/awards) - [Insurance (54)](https://at.naifa.org/tag/insurance) - [New Member Profile (54)](https://at.naifa.org/tag/new-member-profile) - [Potential Partners for Advisors (54)](https://at.naifa.org/tag/potential-partners-for-advisors) - [Financial Planning (41)](https://at.naifa.org/tag/financial-planning) - 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