Krista Kippenberger, Shelter Insurance®
Phone Number: 573-306-2479
Email Address: KKippenberger@ShelterInsurance.com
Website: https://www.shelterinsurance.com
Life insurance may not be top of mind until a major life change happens, like getting married, buying a home or starting a family. Some people may think they don’t need it yet or that it costs too much, but coverage can be more affordable than expected, especially for those who are young and in good health.
Reasons to Purchase Life Insurance at Various Life Stages
- Just Out of School – Starting out often comes with new financial responsibilities, from student loans to car payments or apartment expenses. Life insurance can be a practical part of building a financial foundation, especially for young adults in good health. It may also help loved ones avoid unexpected expenses if they ever need to settle financial matters.
- Just Married – Marriage often means planning for shared expenses, including a future mortgage. Life insurance may be an affordable way to help ensure a spouse could keep up financially if one income was no longer available.
- Just Starting a Family – Depending on the policy selected, life insurance benefits may help families manage ongoing financial obligations and future expenses if one parent passes away. Some parents also choose life insurance products for their children that may include features designed to help with future insurability. An insurance agent can explain which products may offer these features.
Reasons People Don’t Buy Life Insurance
One reason people put off buying life insurance is they think it’s expensive. While premiums can be higher depending on age, health or occupation, buying coverage at a younger age or while in good health may help someone qualify for a lower rate. Life insurance needs can look different for everyone. Reviewing available options can help individuals decide what type and amount of coverage may make sense for their budget, responsibilities and long-term plans.
All coverage options are subject to the provisions of the policy purchased and details of the policyholder’s situation. Not all discounts are available in all states.