Lincoln Financial Research Finds 78% of Families Haven’t Discussed Life Insurance

Research shows many adult children and aging parents avoid discussing life insurance, leading to costly gaps in future financial preparedness. Most families haven't had in-depth conversations about coverage, with adult children often overestimating parents' insurance. Similar communication gaps exist around retirement and healthcare costs. Families are encouraged to start early, hold regular meetings, involve financial professionals, and document decisions to improve alignment and long-term security.