Young people often assume that life insurance is something to worry about a few years down the line, after they’ve had children and bought a house. While this coverage is especially vital for those with loved ones to take care of, waiting to buy a policy can cost a lot more in the long run. Below are a few reasons why you should consider enrolling sooner rather than later.

Why Life Insurance Is Also for the Young

1. It Pays Off Your Debts

The average American carries thousands of dollars in credit card, student loan, and other types of debt, which your family members could be responsible for if something happened to you. For instance, if your parents cosigned on private student loans, the lender might try to collect the amount remaining from them after your passing. The state might also require an executor to sell any valuables that were in your possession to pay back debt, including items of emotional significance to your family.

2. The Payments Will Be Much Lower

The younger and healthier someone is when signing up, the lower their life insurance premiums will be. Even better, these rates are essentially “locked in” for the life of the policy, regardless of the person's age or the status of their health. Therefore, waiting just 10 years to buy health insurance could result in paying hundreds more every year in premiums.

3. The Benefits Don’t Depend on Your Job Status

Many companies offer life insurance as a benefit, but those policies are only in effect while you work for that company. As a result, when you leave that job, you might also be leaving loved ones in a precarious position. Private coverage goes with you, providing protection and peace of mind no matter your employment status.

Choosing a life insurance policy is a major decision, so let the independent agents at JMS Insurance Agency guide you through the process. With their in-depth understanding of the industry and commitment to customer care, they’ve built a reputation throughout Texas’s Fort Bend, Harris, and Montgomery counties for their professionalism and high-quality service. Visit them online to request a free quote, call (281) 494-1500 with questions, and follow their Facebook for more insurance tips and advice.