Pet owners make financial plans for future pet care
Pets are part of the family for millions of Americans. That’s why perhaps it not surprising that 16 percent of pet owners says they would spend $10,000 to save their pets’ lives.
Pet owners also recognize that, if something happened to them, the pet’s next owner may not be financially prepared for the added expense of ongoing care or life-saving procedures.
A Securian-sponsored survey of 903 pet owners, conducted in May 2014, found that significant percentages of them have made plans to cover the cost of their pets’ future care using annuities, life insurance and cash.