More Americans forsaking life insurance coverage

TRIBLIVE - It's enough to make an insurance agent tremble: Millions of cash-strapped Americans are saving money by going without life insurance.

It's enough to make an insurance agent tremble: Millions of cash-strapped Americans are saving money by going without life insurance.

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"Say you didn't have any kids, your spouse has a law degree, and you don't owe a lot of money in your business. You may not need to get life insurance," says Bill Gustafson, senior director of the Center for Financial Responsibility at Texas Tech University in Lubbock. "Because she's got human capital, she'd be able to enter the labor force if something happens to the other person."

Read the rest of the story at Tri-City Herald Online