Millennials & Life Insurance: The Time to Invest is Now

There is always a common trend among those in their 20s – they think they’re invincible. While they’re in relatively good health and starting families of their own, you don’t really hear any conversations about life insurance. But why would they, they’re invincible…right?

Millennials have officially passed Baby Boomers as the largest living generation, according to the Pew Research Center, and having life insurance is crucial as you start to map out your life. Life insurance gives your family the assurance that they will be okay after you are gone.

It can be hard to think about trying to fit life insurance into a budget, but could you imagine the burden your loved ones could face if they have to handle your financial responsibilities?

Who would pay your mortgage? Your electricity bill? Student loans? Would your parents or kids have to take on these burdens?

Think of it this way, life insurance is a safety net. It protects your loved ones in the same way that auto insurance protects your car. When you purchase at a young age, you have an increased chance of lowering your monthly premiums.

While there are several different options that you can choose from, life insurance at its most basic level is broken into two categories: term and permanent. They represent exactly what they sound like. Term life insurance is sold in number of years for example 10, 20 or 30-year policies while permanent life insurance provides you coverage for your entire life.

Choosing the right policy depends where you are at in your life and what you want to leave behind for your loved ones.

Curious how to get started? In today’s age, you can buy pretty much anything online. However, this is the one investment I recommend you meet with a professional face-to-face. This is the best way to ensure that all of your questions are answered and all of the bases are covered.

There are more than 95 million Americans who don’t have life insurance. More often than not it’s because they think it is out of their budget or not important. You would be surprised to see how reasonable the rates are, especially if you buy when you are young.

Life insurance isn’t just for millennials. There are advantages at every stage in life, the most important being the peace of mind you have that your family will be taken care of financially.

I would love to talk with you more about this! My expertise in health and life insurance, along with disability and long term care, allows me to find the best solutions for my clients. Send me an email at and I can answer any of your questions.

Robert Smith

Sales Associate | Kingsburg