About half of critical illness insurance buyers purchased individual policies providing benefits of $20,000 or less, according to research from the American Association for Critical Illness Insurance and General Re Life Corp.
[Read also "Younger people buying critical illness insurance"]
According to the 2012 National Critical Illness Insurance Buyer Study some 29 percent of male buyers and 31 percent of female buyers purchased benefit levels of $10,000 or less. Only 9 percent of men and 8 percent of women purchased more than $50,000 in protection.
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