Why Millennials Should Have Life Insurance
How old should you be when you buy life insurance? Do Millennials need to worry about such an “adult” thing? Absolutely. The generation known as Millennials (those born between 1981-1997) may have different priorities than “big picture questions” but the truth is, many of them are experience major life milestones – graduation, marriage, real estate transactions, and even children. As you can see, life insurance doesn’t seem so crazy for them after all.
This generation was told that college was essential, and it is. However now, they are one of the most debt-burdened age groups in history, some balances ranging from tens of thousands to hundreds of thousands. If one of these Millennials pass away for an unforeseen reason, those they leave behind will be forced to pay it back. Advisor.ca explains this in their article below.
The oldest Millennials are now approximately 36. As you can imagine, many of them have families. Just because they are not “over the hill” does not mean that life insurance doesn’t apply to them. If something happens, their survivors will still have to adjust their lives as well as pay final expenses.
Peace Of Mind
It’s time for the Millennials to consider life insurance. While the idea of passing away may seem like a distant or impossible event, life can deliver unexpected turns. Make sure those you love are taken care of no matter what with a life insurance policy.
For more information, check out Advisor.ca: http://ow.ly/BarK30gkVVA