Buying a life insurance policy may be one of the last things you want to think about when you are in your 20s. But whether you’re paying off student loans or trying to build your financial future, buying life insurance while you’re young may be one of the best financial decisions you can make.
Most young people don’t think about life insurance, because many believe it’s something only parents buy to protect their children—or to make sure the surviving spouse can manage the family’s expenses. While protecting your family is important, whole life—or cash value—insurance offers a whole lot more.
How to Get Lower Rates When Getting Life Insurance Young:
Conclusion: While life insurance may not be top of mind in your 20s, there are compelling reasons to consider it. The advantages of getting life insurance early, including financial protection, lower premiums, long-term planning, and future insurability, make it a wise investment for young individuals. By assessing your coverage needs, choosing the right