Life insurance provides protection for loved ones.
Death is a fact of life.
People get old, but that is not guaranteed.
Their bodies wear out.
They eventually die.
Some people even die young, leaving families and careers behind.
Unfortunately, the young often believe themselves invincible.
Death is a problem for others.
According to a recent Forbes article “Why Older Millennials Need To Start Taking Life Insurance Seriously,” denying the reality of death can be harmful.
Those who refuse to see their own mortality can put their loved ones at risk.
They can live too much for the moment and refuse to prepare for the future.
The truth is your action or inaction will affect others.
The failure to have adequate life insurance may put the future of your family at risk.
Why is life insurance important?
If you die and are supporting a family, your loved ones will lose their source of income.
How will they pay for groceries, clothing, the mortgage, and other bills?
Even if you and your spouse both work, the strain of working and being a single parent can cause a serious financial blow.
Life insurance helps protect your family from financial insecurity.
The benefits far outweigh the costs.
In fact, life insurance can be cost effective and a simple policy may suffice.
Many millennials choose term life insurance.
For some it is possible to get a $1 million policy for as little as $40 each month.
Is getting life insurance complicated?
It does not have to be.
Many companies are user friendly and tech-savvy, leveraging both technology and personal interaction.
Getting a policy now is important.
No one is guaranteed a tomorrow.
Reference: Forbes (January 26, 2019) “Why Older Millennials Need To Start Taking Life Insurance Seriously”