Life Insurance for Millennials: Planning for the Future 


If you were born between 1981 and 1996, it means you are at the perfect age to start a life insurance policy. Let me explain: For those of us in that bracket, there’s some aspects of your age that you should start to take control over. There is your family, house, retirement, and more. One way to protect those things is through a life insurance policy. Life insurance is vast in its uses, and most people our age haven’t been informed yet. Below I will elaborate on the benefits of starting a life insurance policy at a young age.  

Dispelling the Myth 

If you take a look around, theres not many people below 40 with life insurance policies. This may be because people assume that its something to get when you are older, you may think nothing will happen to you, or you aren’t aware of the benefits. Now I don’t mean to sound morbid but life really is unpredictable and there are no guarantees you will live to be 50 years old. Its best to start planning now for your financial well-being.  

Safeguarding our Legacy 

Between the ages of 30 to 40, a lot of us begin to build a life for ourselves, away from our parents. This could mean getting married and having kids. Here is where we get to the main purpose of life insurance: protecting those who depend on you. When kids are young, they obviously depend on their parents for everything. If you were gone, the death benefit from a life insurance policy can keep them going financially and even help achieve your dreams for them such as a college education.

Securing Your Home  

In the U.S., the National Association of Realtors found that in 2022 the average age of first time homebuyers was 36. If that’s you, listen up because life insurance can pay for a mortgage. One of the beautiful things about the death benefit is that it can be used for anything you want and that can include the roof over your families head. If you were to pass away, could your spouse pay the mortgage on their own, with all the other expenses? I wouldn’t say so, since most of us are dual-income households that depend on both people. I would recommend getting a policy with enough of a benefit that will cover your debts so you can keep what you’ve worked hard to get.  

Seizing the Opportunity 

As we continue to discuss life insurance, take a second to consider your health. In twenty years most of us would love to have the body we have now. A lot can happen in twenty years and that includes health issues that arise. As you get older, that chances of some conditions creeping up on us rise. Those burgers and pizza consumed over the decades can start to clog up your arteries and cause heart problems. That’s not the best time to get life insurance. You will see higher rates and possibly even getting denied coverage. If you get coverage now, you will see the lowest rates possible and the best benefits available. The best news is this: most life insurance premiums are locked in for the life of the policy. This means that if you get a life policy today, in perfect health, and then get cancer a year later, your premium will still be the same. This is why seizing the opportunity and getting life insurance while you’re young is so important.


When considering life insurance, consider the benefits of getting a policy sooner than later. You can protect what you’ve begun, that being a family, homestead, or business. The rates are lowest when you are your youngest, which is now. I would urge you to speak to a professional who can guide you to getting the right policy for you and your family. Life is unpredictable, but at least you can be prepared for it.  

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