A recent international survey has found that a greater percentage of people feel life insurance as more important to have than home/property insurance or vehicle insurance.
The survey of 1,000 people spanning the US, UK, Canada and parts of Europe, undertaken by international software vendor Zelros, canvassed what type of insurance people felt was the most important type of coverage to have.
Zelros says while the majority of people, at 41.6%, say health insurance, the next most common answer at 21.5% was life insurance, followed by home/property insurance at 19.1%. The least common answer with 17.8% was automobile/vehicle insurance.
Zelros, which develops AI systems for insurance and bank insurance players, notes that 47% of men surveyed feel the most important type of insurance coverage to have is health, followed by 19.8% who feel that life insurance is most important. Another 17.4% feel that automobile/vehicle insurance is most important and 15.8% believe that home insurance is most important.
Of the women surveyed 37.6% consider health insurance most important, while 22.7% believe life insurance is most important, followed by home insurance at 21.5%. Automobile/vehicle insurance came in last for women at 18.2%.
While health was again the most important type of insurance to have across all age groups, 22% of 18-24 year-olds opted for life insurance; as did 18% of 25-34 year-olds; 27% of 35-44 year-olds; 24% of 45-54 year-olds and 22% of >54 year-olds.
