Many
young adults maintain a sense of immortality well into their 30s and do
not stop to consider the importance of life insurance. However, there
are several benefits to purchasing Columbus life insurance
at a young age, including locking in a lower rate and having guaranteed
coverage if you develop health issues later in life. Term life
insurance offers coverage for 10, 20 or 30 year terms and provides the
most cost-effective solution. Let’s take a look at a few more benefits:
Early Death
No one expects to die early, but the
truth is that it can happen to anyone. If you’re married, your spouse
loves and depends on you. He or she would need time to grieve after your
death. Having a financial cushion would let him or her go through that
process without the need to worry about paying bills.
Married couples often buy homes based on
both incomes. If one spouse dies, it may become difficult to pay the
mortgage. Life insurance can help your spouse continue living the
lifestyle he or she is accustomed to.
Dependents
Some young adults support children,
elderly parents or disabled family members. A life insurance policy can
provide financial support to ensure the continued care of these
individuals. Every young adult with dependents faces increased
responsibility and should plan his or her finances accordingly.
Funeral Expenses
Funeral and burial services can quickly
add up to total over $10,000. A life insurance policy can cover these
expenses and remove the burden from your family in the wake of tragedy.
Life insurance is designed to benefit individuals of all ages. Call Gardiner Allen DeRoberts Insurance, Inc. at (614) 221-1500 for more information on life insurance.
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