4 Reasons To Get Life Insurance If You’re A Millennial

Cheaper when you’re young

A similar study done in 2018 - the 2018 Insurance Barometer Study, also found that 44% of millennials overestimate the price of insurance by up to 5 times the actual price^. In fact, the daily cost of a good life insurance policy can be less than the price of a cup of bubble tea! Life insurance premiums are calculate based on, amongst other factors, your age and your state of health. You pay much less when you’re young and healthy.

Security for your future self

An emergency fund is vital but may not offer sufficient safety net for meeting your financial needs in the event of an emergency. Today, life insurance offers multiple added benefits such as health protection and even wealth creation for your retirement.

Protection for your loved ones

In addition to death coverage, some policies also offer protection against critical illnesses or total permanent disability. These policies can provide financial protection for you and your loved ones through coverage such as income replacement, loan repayments and living expenses.

Even if you don’t have financial dependents yet, as long as you’re planning on starting a family in a few years, getting life insurance now makes more financial sense than putting off the inevitable.

For millennials, especially those with a family or are about to start one, the most far-sighted decision you can make right now is to purchase one. Find out what coverage you can get from our multitude of Legacy Plans. In fact, go one step further and inspire your fellow millennials by sharing this article.

Yours Truly,

Octo,