According to a survey conducted in July 2021 in Singapore, the majority of millennials who did not own life insurance indicated that it was because they could not afford the additional expense. In the same survey, 31 percent of the respondents stated that life insurance was too expensive.
Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021
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Etiqa Insurance Singapore. (November 17, 2021). Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021 [Graph]. In Statista. Retrieved November 28, 2023, from https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/
Etiqa Insurance Singapore. "Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021." Chart. November 17, 2021. Statista. Accessed November 28, 2023. https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/
Etiqa Insurance Singapore. (2021). Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021. Statista. Statista Inc.. Accessed: November 28, 2023. https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/
Etiqa Insurance Singapore. "Leading Reasons for Not Purchasing Life Insurance among Millennials in Singapore as of July 2021." Statista, Statista Inc., 17 Nov 2021, https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/
Etiqa Insurance Singapore, Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021 Statista, https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/ (last visited November 28, 2023)
Leading reasons for not purchasing life insurance among millennials in Singapore as of July 2021 [Graph], Etiqa Insurance Singapore, November 17, 2021. [Online]. Available: https://www.statista.com/statistics/1315812/singapore-reasons-for-not-owning-life-insurance-among-millennials/