Hamilton, Wisconsin
Trail Tree Dr
West Salem, WI 54669
(608) 786-3355

3 Crucial Reasons for Millennials to Get Life Insurance April 12, 2018

Hamilton, La Crosse County
3 Crucial Reasons for Millennials to Get Life Insurance, Hamilton, Wisconsin

When it comes to life insurance, some millennials believe a policy is unnecessary. Nothing could be further from the truth. Though this generation may be young, coverage can help them protect the people they love most. Here are a few reasons why you should get insured today. 

Why Millennials Need Life Insurance

1. You Have Debts & Obligations

Life InsuranceEven if you don’t own a home or have a family, you may still have debts. Whether the debts are in the form of personal loans, credit cards, or private-lender student loans, all that money will need to be repaid by your next of kin. That means the debt is inherited and they’re forced to make payments until the loans are settled. Life coverage will give them the funds they need to pay down your debts without asking them to sacrifice their personal savings.

2. Funerals Are Expensive

Funeral expenses, on top of any medical expenses incurred, become the responsibility of your loved ones to pay after your passing. By purchasing a life insurance policy, you’re ensuring that your loved ones will be able to pay for your funeral without going into debt.

3. Living Expenses Are Covered 

If you have a young family that relies heavily on a combined income to make ends meet, they may struggle to maintain their lifestyle if you pass away. Life insurance will act as an income supplement to help them adjust. The distributions from the policy can be used in whatever way is most beneficial to your family–this includes paying rental expenses or setting up a college fund for young children.

 

At American Liberty Insurance Agency in West Salem, WI, their dedicated agents want to help you understand the benefits of coverage at any age. They’ll get to know you so they can find a life insurance policy that meets your needs and budget. Learn more about their services online and call (608) 786-3355 to schedule a consultation.

Other Announcements, Events and Deals from American Liberty Insurance Agency
A Guide to Final Expense Life Insurance , Hamilton, Wisconsin
Many people buy life insurance to provide funds for their loved ones so they can continue living comfortably despite missing part of the household income. However, there’s ...read more
3 Benefits of Working With an Insurance Agency, Hamilton, Wisconsin
The Internet has made it possible to complete a myriad of tasks on your own. However, when it comes to insurance, there are still significant benefits to expert guidance. Working wit...read more
Medicare vs. Medicare Advantage: What's the Difference?, Hamilton, Wisconsin
The Medicare program offers vital medical benefits to those who need them most, including seniors and SSDI recipients. Because no two patients’ health care needs are ever exactly ali...read more
Debunking 3 Common Myths About Life Insurance, Hamilton, Wisconsin
While life insurance may be the last thing on your mind, it offers essential coverage in the event of your passing. You’ve likely encountered a few myths about this type of cove...read more
The Benefits of Buying a Life Insurance Policy, Hamilton, Wisconsin
You may be on the fence about purchasing life insurance and weighing the cost against the benefits. The peace of mind that accompanies this coverage far outweighs the affordable...read more