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7 Reasons Millennials Should Buy Life Insurance

If you are a millennial (age 18 to 34), did you know that you are a part of the largest segment of the US population? You are the Millennials Life Insurancenext generation that will be leading this great nation. For some of you, it may seem a bit early to even consider life insurance, however I want to share with you a few reasons why now is the ideal time for you to consider getting coverage.

  1. You are Young. When considering life insurance, the younger you are, the less you will pay for your insurance. In fact, with certain types of life insurance, you can pay it for a set amount of years and never have to contribute to it again. Imagine paying for your insurance for 20 years then never having to spend a penny on it again!
  2. You are Most Likely Healthy. Younger people represent less of a risk to insurance companies because they are typically healthier than their parents and don’t have preexisting conditions.. Many health challenges such as high blood pressure, high cholesterol, and diabetes don’t become a problem until people are older.
  3. Protect Your Family. If you are married, you obviously want to make sure you do not burden your spouse with a mortgage (or the need to sell the family home). You also want to consider that if they work, they would likely need to have time off to grieve. Your life insurance agent will factor that into your coverage amount when you speak to him.
  4. You Don’t Want to Abandon Your Co Signers. If a parent or someone else has co-signed on a student loan, mortgage, or even a car loan, they will be left with your debts should you die unexpectedly.
  5. Your Employer Provider Coverage May Not Be Sufficient. Many companies offer life insurance as a benefit, however it’s often a minimal amount such as an amount equal to your annual salary. If you don’t have any debts or dependents, this might be sufficient. Keep in mind, that when you leave your job, the cost you pay for this insurance will increase, and if you don’t pay anything at all you will certainly have to start.
  6. To Cover Funeral Expenses. If you don’t have any assets or dependents, at least consider those who will assist you in arranging for your final resting place on earth. At a minimum, you should have a plan that covers the cost of funeral expenses and burial. Losing you would be a tragic event for your loved ones, having it become a financial burden for them will compound their stress.
  7. It’s a Simple Process. Gone are the days of having an insurance agent come to your house, make small talk, get info, leave to go back and get quote, then come back for a second visit to sell you a life insurance policy. At Balderson Insurance, we make the process simple. I pride myself in providing the kind of service that I expect. For this reason, I don’t have a team of agents answering the phone. As the owner of the company, I take the time to speak with every prospect so I can learn what their specific needs are. Once I know what type of coverage is needed, I will give you a quote and we can get the whole process started without you ever leaving your home, or having me come to you. Of course, I am happy to come by if you’d like, assuming you live within a reasonable distance. 🙂

I have specialized in helping people just like you get the best life insurance coverage at the best rates for several years now. If you are interested in getting a quote for life insurance, please call me at 301-874-0772 or if you would prefer (or if it’s after hours), fill out this simple form and I will get back to you as soon as I receive it so we can have a chat by phone.