In theory, having life insurance can be a means of helping to protect our loved ones and is typically a vital part of everyone’s financial planning. However, according to LIMRA, a leading life insurance trade association, half of American adults — representing 129 million people — say they don’t carry life insurance. Like so many financial topics, life insurance can also be confusing, resulting in consumers having misconceptions about it. See omnystudio.com/listener for privacy information.