Death can be a difficult topic of discussion, but it is one of the few things in life that is certain. While people who are entering their golden years are likely to start planning for retirement by saving and through life insurance, it is important for younger generations to plan ahead as well. If you were born between 1978 and 1985, you are known as a millennial. As a millennial, you are a perfect candidate for life insurance for a number of different reasons. Here are just 3 reasons to consider insurance while you are still
1. You Have Dependents to Protect
If you do not yet have children, it does not mean that you do not have dependents that you need to protect. Dependents can be your spouse, your domestic partner, or someone you care for. Without insurance in San Diego, the people who depend on your income to survive will have to struggle on their own. This is one of the main reasons why anyone, no matter what their age, should consider life insurance.
2. Insurance is Priced Based on Age
In a perfect world, you will pass away peacefully at an old age, but death is unpredictable. If you put off buying coverage until you get older, not only do you put yourself at risk, you also risk paying more for coverage. As you age, insurance premiums get higher. Buying coverage now helps you lock in a price for a specified number of years.
3. Qualify for Insurance Young
Yet another reason to buy insurance now is because you are still in good health. If you have been diagnosed with a moderate or serious medical condition, you may not be eligible for traditional coverage. By qualifying young, you do not have to worry about being deemed ineligible because of a single doctor visit.
Life insurance can also pay for your funeral expenses, pay down your debt, and help you pass on a legacy to your family. Make sure to compare premiums for different products and with different agencies. By doing this, you can select the best policy and get peace of mind.
For more information about life insurance, reach out to American Tri-Star in San Diego and speak with an expert representative about your insurance options. Call 619-272-2100 – we look forward to speaking with you.