You Need Life Insurance

Many millennials realize they need life insurance when they have children. You want to protect this new human you’ve brought into the world, and that means financial protection, too. Another reason millennials consider life insurance is student loan debt. You’d hate to pass on that debt to your kids if you should die. A life insurance policy will waive that debt as long as you didn’t have a cosigner on your student loans.

Insurance rates go up when you hit age 35; young people have the lowest health risks, so unless you engage in high-risk health behavior, you’re likely to lock in a low life insurance rate. That’s why you should go for life insurance as a young millennial if you’re thinking about having kids. Do it now, even if those kids are far in the future. List your parents or a sibling as your beneficiary if you’re young and unmarried. If you’ve already got a spouse, then that person is the perfect beneficiary. You can change it to your kids when they come along.

Good news if you’re a woman: you’re considered a lower risk than men the same age as you. So, if it’s between you or your husband getting life insurance and you’re on a tight budget, you might be the best option. You’ve got a lot to think about before getting your life insurance policy. Make sure you don’t believe any myths about life insurance. Up your knowledge by taking the Health IQ Quiz and learning about the benefits of getting insurance young.

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You Need Life Insurance

Many millennials realize they need life insurance when they have children. You want to protect this new human you’ve brought into the world, and that means financial protection, too. Another reason millennials consider life insurance is student loan debt. You’d hate to pass on that debt to your kids if you should die. A life insurance policy will waive that debt as long as you didn’t have a cosigner on your student loans.

Insurance rates go up when you hit age 35; young people have the lowest health risks, so unless you engage in high-risk health behavior, you’re likely to lock in a low life insurance rate. That’s why you should go for life insurance as a young millennial if you’re thinking about having kids. Do it now, even if those kids are far in the future. List your parents or a sibling as your beneficiary if you’re young and unmarried. If you’ve already got a spouse, then that person is the perfect beneficiary. You can change it to your kids when they come along.

Good news if you’re a woman: you’re considered a lower risk than men the same age as you. So, if it’s between you or your husband getting life insurance and you’re on a tight budget, you might be the best option. You’ve got a lot to think about before getting your life insurance policy. Make sure you don’t believe any myths about life insurance. Up your knowledge by taking the Health IQ Quiz and learning about the benefits of getting insurance young.

Enjoy Plunged in Debt?

Pid

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Powered by ConvertKit

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