As a single professional, you have plenty on your plate: impressing the boss, meeting deadlines, planning for your financial future. Many singles are surprised to learn, however, that their financial planning process should include purchasing life insurance. Do you fall into this category? If so, we encourage you to take special note of today’s post.
Though life insurance is something that most of us associate with parents and grandparents, all professionals have a need for life insurance protection. If you’re feeling skeptical, we ask you to consider the following:
Securing life insurance while you’re young and healthy is a great way to save and is the best way to ensure you will have coverage down the road. That’s right; term life insurance rates are the lowest for the youngest and healthiest segment of the population. This is why we encourage young people to lock in coverage. Should your health change in the future, your term coverage will continue at the same low rate you pay today.
Help with Outstanding Debt
Though you might not have a spouse or children to provide for today, you do likely carry debt. Ask yourself who would be left to settle your debt if you were to pass away unexpectedly. The last thing you want to do is to leave your parents or siblings with the responsibility of covering your school loans or outstanding mortgage. A term life insurance policy can settle these debts on your behalf.
Leaving a Legacy
Even if you have yet to get married or start a family, you still have a major impact on the lives of those around you. If you hope to leave a legacy to those you love, carrying life insurance is a very effective way to do so. Imagine having the ability to help your parents settle their debt or being able to leave a nest egg for a niece or nephew’s college fund. Having a life insurance policy enables you to do this. Rather than leaving your loved ones with debt, you can leave them with the legacy you’ve always hoped to leave behind.
There you have it, three great reasons to purchase life insurance as a single person. If you’re ready to learn just how affordable coverage can be, we encourage you to request a life insurance quote online today. Right here at IntelliQuote we will happily provide you with an instant, no-obligation, side-by-side comparison of life insurance quotes online. In a matter of minutes, you can compare your options and if you so choose, begin the application process.
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