According to a new survey by LIMRA (a life insuranceindustry association) 11 million U.S. households with children under 18 have no life insurance at all not through their jobs and not purchased on their own.
So when he offered to bail out the U.S. bond insuranceindustry on Tuesday, it seemed a good bet that he was proposing a better deal for Berkshire Hathaway than for the troubled firms that might need his help.