Global Families Miss Key Insurance Talks

~80% of surveyed families had not held an in-depth life insurance conversation, showing many adult children and aging parents still lacked shared planning clarity.
Adult children often assumed coverage existed: ~60% believed parents had life insurance, while only ~45% of parents said they actually carried it.
Similar communication gaps extended beyond insurance, touching retirement funding, healthcare costs, and legacy planning, reinforcing the need for broader long-term family financial discussions.
A practical starting point: hold a family meeting yearly or after major life events to review protection needs, long-term goals, and key decisions.
Families also were urged to involve a financial professional, begin conversations early, and document decisions so expectations and important information stay clear.