Why Young Adults Can Benefit from Early Planning with Life Insurance

Starting your financial journey as a young adult comes with many important decisions; unfortunately, life insurance is often overlooked during this period. At Matt Roenker Insurance Agency, we believe that early planning with life insurance can be a smart financial move.

Understanding the benefits now can help you safeguard your future and provide financial security for yourself and your loved ones.

Why Should I Buy a Policy While I’m Still Young?

There are numerous reasons why you should consider a life insurance policy earlier in life, including:

• Lower premiums: Premiums are typically cheaper for young and healthy individuals. Locking in a policy now can help you secure these rates for years to come, making it a cost-effective part of your financial planning.
• Future planning: A life insurance policy can be a valuable financial tool. Some policies build cash value over time, which you may be able to use for future needs, such as buying a home or funding education. Early planning gives your policy more time to grow and support your long-term goals.
• Financial safety net: Knowing you have a safety net in place can help you focus on building your career and enjoying life. Life insurance can cover debts, support your loved ones or provide for final expenses.

What Factors Influence the Cost of a Policy?

Aside from your age, an insurer can consider the following factors when quoting you for a rate:

• Biological sex
• Medical history
• Tobacco and alcohol use
• Policy specifics (e.g., type, coverage amount, term length)
• Lifestyle (e.g., occupation, hobbies, driving record, criminal history)

How Our Team Can Help

Exploring your life insurance options can feel overwhelming, especially if you’re new to the process. Our team at Matt Roenker Insurance Agency is here to guide you every step of the way. We will take the time to explain your choices, answer your questions and help you find a policy that fits your needs and budget.

Contact our team today to learn more about life insurance and request a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.