UG Insurance Brokerage Inc Blog
When Do You Need Life Insurance?
Life insurance is one of the best investments that you can get. You may encounter financial challenges, responsibilities, and struggles at any phase in your life. Life insurance can be your ultimate financial tool for these unfortunate events. But when is the best time to get life insurance?
Do You Need Life Insurance?
Knowing the benefits of life insurance is one thing, and knowing when you need life insurance is another. We listed down the most common phases of life where you most need life insurance.
As a Young Adult
Life insurance can be done at whatever age or status one has. Millennials are encouraged to get life insurance after they receive their first paycheck.
It may not be a common concern for most people and may not be encouraged by parents. This is also because of the remaining student loan bills. Setting aside money for life insurance may not be a priority.
You may want to take advantage of insurable interest. Life insurance is also a great way to be financially protected against accidents and unforeseen events. For millennials, insurance can help them avoid leaving financial obligations like student loans to their loved ones. The advantages of getting insurance in your 20s are:
When You Have a Family
When you have children or a spouse, they may depend on your income. However, if you have insurance, they can rely on it if an unfortunate event like an accident that causes your death happens. The most common benefits that you can get from insurance are:
Whether you are a young adult or have a family, having protection before unforeseen events happen can ease your future burden, however, getting insurance as young as you are now will have more advantages in terms of costs.
At UG Insurance Brokerage Inc., we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (718) 848-7777 or CLICK HERE to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!
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