Many young people don’t feel the need for life insurance. The fact is, everyone should consider some level of life insurance coverage no matter how young you are. Here are some reasons:
- Everyone will have final expenses. They can be minimal, but they still will run into the thousands. At the very least you should make sure you have burial expenses.
- Single people can still have government loans for college that may have to be repaid by a co-signer in the event of their death.
- Everyone has debts. Life insurance can clear the slate so an executor doesn’t have to deal with creditors.
- Even a young person can get ill and have hospital bills. Life insurance can balance those.
- Life insurance is cheapest when you are young, and whole life rates will never increase. Lock in great rates now.
- Cheapest life insurance rates are only for the healthy. By buying now you are insuring you will have enough coverage later.
Contact us at Reta Insurance Agency of Worth, Illinois. We will provide you with cost effective options for life insurance to protect your loved ones.