Four Reasons to buy Life Insurance in your 20's

Kathleen Hansen - 2015-12-15

If you are in your 20's, you may not feel that it is necessary to buy life insurance. You are young and healthy, right? So what's the point? Well, very honestly, your 20's may be the perfect time to purchase life insurance -- keep reading to see why!

Would you like more information on life insurance? Click here for a free quote, or call us today to speak to a life insurance specialist! 631-563-8433

1. It is CHEAPER in your 20's!

Insurance is much easier to obtain, and is cheaper when you are young and healthy. This is because that the older people grow, their health tends to decline and therefore, the older you are, the higher your premiums are going to be. By obtaining a life insurance policy when you are young, you will more than likely pay lower premiums for the term of the policy. 

2. Life insurance can be a critical addition to your overall financial plan.

Cash value life insurance, such as whole life insurance, universal life insurance and variable life insurance can offer more than just a death benefit. They offer the potential for cash value accumulation. To take full advantage of this feature on these policies, you should start early. As we said before, when you are younger it is cheaper premium, o if your want life insurance protection for you and your loved ones, as well as the potential for cash value accumulation in your policy, you should consider one of these types on life insurance. For more information, check here! https://www.eifsonline.info/insurance-products/life-insurance-individual

3. Although you may not think so, you need the protection!

Consider your financial obligations, especially student loans! In a recent study, it was concluded that they Class of 2015 graduated with about $2,000 more debt that the students of 2014, an average of $35,051 per student! If you had your parents co-sign on your student loans, they could be held responsible for your debt if something were to happen to you. Life insurance can be beneficial to you and to your parents because the death benefit proceeds from your life insurance policy can help cover your student loans.

4. Are you married with children?

If you are married and have a family, or plan to do so, how would your spouse and children carry on without you? The insurance could help pay off loans, mortgages, and other expenses.

 

Don't think of insurance as something that is only for old people. Life insurance is just as important for the younger people too! Talk to a life insurance specialist today to discuss what may be best for you. 631-563-8433

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