Generational Wealth For Gen Z

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Only ~49% of Gen Z has life insurance. However, for those that do own life insurance, cash value life insurance (IULs and whole life insurance) is the most popular. This is likely because Gen Z wants life insurance that they will benefit from while they are alive.

Figure 2

The major misconceptions for why Gen Z does not own life insurance are the belief that it is too expensive and that it does not lend itself to financial power. Indexed universal life insurance is most often bought because of its superior death benefit range and its supplemental retirement income.

Figure 3

All of Gen Z's most common financial concerns regarding life insurance are serviced by indexed universal life insurance. For example, retirement income, an emergency fund, and disability income is all encapsulated in an iul product, making it the quintessential product to serve Gen Z.

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I've learned that an IUL is a useful financial instrument where I can actively save money while simultaneously setting myself up for long-term financial gains...