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Should I Have Life Insurance at 30?

Should I Have Life Insurance at 30?

June 30, 2022

Naperville customers often wonder, "do I need life insurance when I am 30?" This is a common question as those in their 30s are looking for ways to prepare for their futures. Getting life insurance in your 30s is one of the most affordable, impactful, and reasonable times to keep your loved ones protected. If you're in good health, you can get excellent coverage with a term life insurance policy at an incredible price. Learn more with this insurance guide from the experts at IntentGen.

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Reasons For Getting Life Insurance in Your 30s

There are benefits to purchasing life insurance when you're in your 30s. Below is just a small look at those reasons:

    • You have a family. If you're buying a house, getting married, or starting a family, you have lots of financial responsibilities now, and people even depend on you financially. If passed away, your loved ones may not have the money to cover the bills without your income. Life insurance will help protect your family in the event of your death. Proceeds from your policy can be used by those named as your beneficiary to pay for a variety of expenses like the mortgage or rent, child care costs, groceries, utilities, transportation, regular expenses, medical bills, and other insurance premiums.
  • You owe money. A lot of people in their 30s have debt like student loans, consumer, and mortgage debt. Some debt won't go away after you pass away. Your life insurance policy can help pay off that debt.
  • Save money by getting life insurance now. Life insurance policies can be more affordable for those in their 30s. Several factors consider your rate, such as your age, especially if you're healthy.
  • The family needs money for funeral expenses. Funerals can get expensive, and a life insurance policy's death benefits help cover those costs. 

For More Insurance Tips, Visit IntentGen!

IntentGen is proud to be your trusted resource for your life insurance and investment needs. Take advantage of our available articles and online resources to help you make the most informed financial decision, and don't hesitate to contact us if you have any questions.