Monday, September 14, 2015
Life insurance: Buy now for bigger savings
For Millennials, life insurance is just about the last thing on their minds. But there’s good reason for young adults to make life insurance a greater priority.
“One of the biggest objections we hear from young, single people is, ‘I’m not married, and I don’t have kids. Why do I need life insurance?’” says Tim Bemis, assistant manager at Dupaco Insurance Services. “Young people can lock in a permanent policy today, and those rates will never change.”
In honor of Life Insurance Awareness Month, here are four reasons young adults can benefit from buying a life insurance policy now rather than later:
“As soon as people get married, start having kids or buy a house, they start thinking about getting life insurance. But if they would have bought it five years earlier, it would have been substantially cheaper,” Bemis says. “Life insurance rates are always the lowest when you’re young and in good health.”
Request a no-cost, no-obligation insurance analysis and quote online, or contact the Dupaco Insurance Services team at (563) 557-7600 / 800-373-7600, ext. 210, or by e-mail at email@example.com.
By Emily Kittle