Millennial's and Life Insurance: It's More Affordable Than You Might Think
Only about 20% of millennial's between the ages of 18 and 34 would consider buying life insurance. Death seems a long way away when you're young. There are several reasons young people aren't buying. Millennial’s are getting married, buying homes and having families much later in life than previous generations, which means the need for life insurance isn’t a high priority.
For some, affording life insurance seems formidable. Rent, taxes, student loan debt, and many other things, top the list of reasons Millennial’s aren’t buying life insurance. Additionally, an estimated 44% of Millennial’s overestimate the how much life insurance is by as much as 5 times the actual cost!
It's important for everyone to know that preparing for the future doesn't have to break the bank. Payments and terms will differ based on need. Speaking to an insurance agent will help you determine what's best for you.