What Millennials need to know to make the most of their life insurance.
Life insurance might be one of the furthest things from most Millennials’ minds, but that doesn’t mean it should be. In fact, by thinking about this type of coverage now, you can lock in the lowest possible premiums for the best possible policy. To help Millennials make the most of their life insurance policies, here are a few pointers.
- Buy It: This is pretty straightforward, but purchasing your policy now can be a serious help to you down the road. The older and sicker you get, the riskier you are for life insurance providers to cover. If, however, you buy a policy now, you’re a relatively low-risk client so your insurance provider will be able to get you the best policy at the best price.
- Know Your Needs: Determining how much life insurance to buy can be tricky, especially when you’re just starting out. Talk to an insurance agent to figure out what you’d need to cover your funeral expenses and replace your income for your dependents.
- Get Your Own: Even if your workplace offers life insurance, it’s in your best interest to get your own policy for two reasons. First, your workplace policy likely wouldn’t really offer a big enough benefit for your family. Secondly, if you leave that job, you’ll be left without coverage.
Millennials, we know that you can do your research on your own, but we also want to let you know that our dedicated team of expert agents is here to answer any questions you may have. To get insight into how life insurance can serve you, contact The DiForte Agency. Serving Staten Island and the rest of New York, we’re here to help you not just get the right policy, but actually understand what it will do for you and your loved ones.