Millennials in the 18 to 34 age bracket may have different financial priorities than their older counterparts. From finishing college to buying a home or car, securing a life insurance policy isn't likely on the radar. At a closer glance, the coverage could be a vital asset. The Brooklyn, NY-based PFS Group Inc. wants to help this influential population group see the benefits of permanent and term life insurance.

Serving Crown Heights, East New York, Flatbush, New York City, and Queens, and Brooklyn, the independent insurance agency gladly takes the time to educate Millennials about preparing now for the unexpected later. Including term life insurance in the equation is an intelligent economic decision.

3 Details to Know About Life Insurance

Lower Rates

In general, the younger you are, the more likely permanent or term life insurance will cost less. The theory is that Millennials might be healthier at longer intervals of time to maintain their physically fit lifestyles. Insurance providers view age and health condition when determining premium costs, and most charge less for coverage based on those factors.

Debt Relief

From student loans to car loans, permanent and term life insurance can be used to pay off outstanding debt. If the policyholder made regular premium payments and dies, the plan is available to cover any debt left behind. Having the coverage means the policyholder won't leave the financial obligation for parents or relatives to pay.

Quality Coverage

Partnering with an independent insurance agent ensures Millennials will get customized and affordable coverage. After sharing their unique needs and preferences, an experienced specialist has extensive knowledge about securing a policy that fits their lifestyle. This includes single people, newly-married couples (with or without children), and those who've just started their careers.

Let the friendly and professional team of agents at PFS Group show you how permanent or term life insurance can provide trusted financial protection. To arrange a free, no-obligation consultation, call (718) 385-5300 today. Visit the website to request insurance quotes and to learn about other policy options.