We generally think life insurance is for those who have major financial responsibility or to cover final expenses. Today’s life insurance products are designed, however, for every phase of life. Here’s a quick look at how life insurance can play a part no matter the age of the insured.
Babies. Babies are usually born healthy and life insurance rates are extremely inexpensive. This makes life insurance appealing to protect against the unthinkable. It also is the best time to buy whole life insurance that can build value as the child ages.
Children. How many toys does a child need? Life insurance can be a much more practical gift that will build in value for a first car or college. It is a great choice for parents or grandparents to buy.
College Age. As students begin to explore life on their own and secure debts, life insurance is increasingly important. Buying insurance when young and healthy also assures future availability of protect and the insured enters the next phases of life.
Young Singles and Marrieds. Young single people and young marrieds generally have plenty of debts including credit cards, car payments and student loans to consider. Life insurance can help ensure those left behind will not be held responsible.
Young Parents and Homeowners. Having children and buying a home adds a whole new layer of responsibility. Life insurance can help cover mortgage payments, living expenses and even provide for future college expenses. Term insurance can be an affordable way to get the protection one needs during this critical period.
Empty Nesters. Even empty nesters should have their life insurance reviewed. The need for coverage may be less, but thoughts may turn to leaving a legacy for children and grandchildren.
Seniors. This is when final expenses and remaining debts should be accounted for. Insurance can be expensive during this period, which is why one should secure life insurance when young.
No matter what stage of life you are in, life insurance should play a role and it can be surprisingly affordable, especially when purchased young. Contact one of our independent life insurance pros to get a quote today. Protect your family and get the peace of mind you deserve. Move forward with your life insurance program today!
Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder
Search for a local agent with our agent finder map.
Read more about KayLynn's background.
Where Do the Items on Our List Originate?
Want To Play a Game?
Each of these Missteps Can Be Costly
How Long Can You Put Off the Decision?
These May Be the Opposite of FAQs
Many Aren’t Aware of This Life Insurance Clause
Downsizing is Tough, But an Important Step to Take…For Your Adult Children
What Are the Ingredients for Your Life Insurance Program?
Have You Had That Uncomfortable Conversation with Yourself Yet?
Shocker: Times Have Changed