Are You Too Young for Life Insurance?

For many young families, it can be a struggle to make ends meet. You’re in the beginning of your career, and you may have just purchased your first home and started a family. When you’re juggling expenses like mortgages and child care for the first time, buying a life insurance policy seems like something to put in the “in a few years” pile. But what if the unthinkable happens? 

If you or your spouse dies unexpectedly, life insurance will help make sure your family can maintain as much normalcy as possible. It can give your family the financial protection needed to stay in the same home, keep your kids in the same school, and give the surviving spouse time to make difficult decisions without worrying about money. When you’re young and healthy, though, this kind of protection can easily seem like an unnecessary expense. 

The idea that life insurance costs more than it’s worth is a common misconception. Most healthy young adults (those in their late 20s or early 30s) will qualify for life insurance plans that cost less than $20 a month. When you compare this against the potential hundreds of thousands of dollars in medical bills and other end-of-life expenses your loved one could be left with, the choice is simple. In fact, the best time to purchase life insurance is when you’re younger, because policies become more expensive as you age.

When it comes to life insurance, there are many different options to explore and questions to ask. Our expert team of independent insurance agents is ready to help you find the plan that best protects you and your loved ones. Contact us today to find out more!