A recent report by the Center for Economic Policy and Research showed an alarming trend amongst life insurance holders in the face of the current recession. There has been a steady stream of families that have opted to drop their life insurance coverage to ease their cash flow. As of the date of the report 4.2 million people have already lost their health insurance and life insurance policies. It is estimated that by the time this recession has run its course, the number of people who will lose their health and life insurance policies will at the very least double. Below are a few pointers and things to remember before you fall into the “uninsured” group.
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