You might be thinking to yourself, why would someone in their twenties even need life insurance?
Well, maybe you don’t need it, but the important people in your life do.
And that’s the take away about life insurance, it isn’t just about you. It’s about the people you would be leaving behind if the unthinkable were to happen.
If you are like most people in their twenties, you are probably paying off your student loans from college or university. Did you know that in the event of your death, your student debt could become your parents’ burden? Imagine how hard it would be for your parents to all of a sudden have a huge debt to pay off?
Maybe you don’t have any student loans, or maybe you have already paid them off. But what about, for example, if you have a partner, and you have invested in a home, the life you built as a couple may not be financially sustainable without you. What will your partner do if they can’t cover the mortgage?
Life insurance would provide them with the much needed financial relief they need to pay the bills until they can re-stabilize their lives, or it could provide your parents with a much more manageable debt to pay off.
And that’s why the best reasons to get life insurance in your twenties are not just about you. So if you can’t do it for you, do it for them.