While most 20-somethings (aka Millennials) don’t give much thought to life insurance, it’s time they start. And here are some big reasons why:
- Insurance rates are lowest when the applicant is young and healthy.
- Many young people have hefty student loans and other debts. Without insurance, they would leave them behind for loved ones to shoulder.
- Some Millennials are married with children – and others have family plans on the horizon – who need to be provided for in the event of an unexpected death.
- Oftentimes, employer life insurance policies simply don’t provide adequate coverage.
The financial decisions made by Millennials today will have a major impact on their finances, and families, in the future. Term life continues to be a popular choice for many young professionals. So whether your client is a recent college grad up to her neck in student loans, or a new parent looking to secure his child’s future, life insurance will be a worthwhile investment.
If you want more information on term life insurance, InternetCE is here to help with all your North Carolina insurance continuing education needs. Check out our newest course, “Coming to Term with Term Life Insurance” today!