Do young people need life insurance? A better question, should young people have life insurance? Life insurance is a good idea at any age. Why you might want to buy life insurance or need life insurance at a younger age we will discuss. For a want, life insurance will never be cheaper than it is right now for you. Life insurance takes into account your age when it is priced. In other words, life insurance is cheaper when you are younger. A term policy that can last you through your adult years could be a sound financial decision at a young age. In addition, you may be able to buy a rider that insures your ability to buy life insurance later in life or buy a policy that can make you money. You could even look at getting a rider to help you if you become disabled.
That’s great that I can get life insurance for a cheap rate, but do I need it?
Many young people do not think that they have a need for life insurance, but there are reasons that a young person would need life insurance. One of the main reasons would be having a co-signer on a loan. Having a co-signer on a new car, a home, or a college loan would generate a need for life insurance. A liability of a loan in the event that something would happen to you would fall back onto the co-signer. A small term policy could mean the difference between a bad situation and a bad situation with debt. A term policy could also save you money on your home and auto with a multi-policy discount.
What can I do to get started?
You can give us a call at 412-344-2800. Other ways that you can reach us is via our client center or via social media. Currently we are on Facebook, Twitter, Instagram, and YouTube. We look forward to hearing from you and help you with all your insurance needs. Remember, it is a good idea for young people to have life insurance.
