Why Purchasing Life Insurance Is the Best Move A Millennial Can Make

August 24, 2017

Life can be filled with fun and excitement when you’re in your millennial years (twenties and early thirties), but it’s also filled with growing responsibilities. Many of us enter into a long-term relationship and start a family—and when loved ones depend on you, you begin to look at life in a different way. Sooner or later, you realize that if you were to suddenly pass away, your spouse and children could be in a precarious financial position. How would they survive without your income? And how would they handle the financial obligations they inherit from you, such as your mortgage, student loan debt, car loan, and credit card debt?

While it might feel uncomfortable or even upsetting to consider your own mortality or that of your life partner, the truth is that you owe it to those you love, because those big life decisions like having children and buying a home are made based on your ability to earn an income. If that ability is irretrievably lost, you need to make sure your loved ones are taken care of.

You can do this by purchasing a life insurance policy. And when it comes to getting a good deal, there’s literally no time like the present. You can capitalize on your youth and health to purchase a good policy that offers comprehensive coverage for relatively low premiums. Plus, if necessary, you have plenty of time to change your lifestyle—for example, by exercising more, eating healthier, and stopping smoking—to improve your physical fitness and as a result, your insurability.

When it comes to finding the right insurer and policy, it’s important to recognize the value of working with an independent life insurance agent. Although as a millennial you’re most likely used to doing your own research and making purchase decisions independently, an independent agent can offer invaluable guidance when buying life insurance. There are so many aspects that insurers take into account when you apply for a policy, from your physical fitness, mental health, and family medical history to how often you travel, what destinations you visit, and whether you engage in high risk activities such as sky diving and rock climbing.

Independent agents like the ones at Liberty Financial Group have in-depth insights into a wide range of policy options from numerous life insurance companies. Their expertise can save you time and money while simultaneously ensuring you get the policy and the coverage you need to provide for your loved ones. Moreover, they’re always available to help you in the event you have questions or need to make changes to your coverage.

All things considered, if you love your family and you don’t want to worry about what will happen to them in the event you pass away, then purchasing a life insurance policy is more than a good investment: It’s a gesture of love.

To learn more about life insurance and speak with one of our independent agents, contact us today.

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At Liberty Financial Group our mission is to provide you with the most options so that you can confidently make the right decision. We are dedicated to helping you make the best choice based on your individual situation. Many people often complain about lack of time when lack of direction is the real problem.

Let us provide you with that direction because we know to be prepared is half the victory.