According to the 2018 Life Insurance Gap Survey, only 10% of millennials – born between 1981 and 1996 – have life insurance*. If you’re one of the 90% who don’t own one, this means that your family will be left without any financial support should anything were to happen to you.
Ask yourself this: In the event of your demise, will your family have the financial coverage to settle your outstanding debt? Will your partner be able to support the family without your income contribution?
Getting a life insurance can provide your parents, spouse and kids with the financial coverage that they need after your passing. If you’re still not convinced, here are three reasons why you should get life insurance sooner rather than later.