If you’re like many people, you may think that life insurance is only for married couples or people who have kids. Think again. As we tell people at our Yuba City life insurance agency, while you may not need the same amount of coverage as couples or families, having some coverage is always a good idea.

There are a number of reasons why getting a life insurance policy while you are young, single, and childless makes sense. They include:

It’s more affordable. The cost of a life insurance policy is based, in part, on your age and health. The younger and healthier you are, the less it costs. So “getting in on the ground floor” can help you save money over the life of the policy.

It can offset your debt. It’s likely that you have debt of some kind — student loans, credit cards, etc. If you do, some or all of that debt may fall to others to pay in the event of your death (if someone co-signed, for example). A life insurance policy can help pay some or all of that debt.

It can help pay funeral expenses. The cost of a funeral can easily be $5,000 or more. Without life insurance, your family will be left not only mourning your loss but paying that bill.

It can help provide for your partner. If you are not married but have a significant other with whom you share living expenses, a life insurance policy can help them carry on after you’re gone.

It can help provide for extended family. The proceeds from your life insurance policy can be used to help aging parents or others in your family who have financial needs.

Your life circumstances may change. If there’s a chance that you will be married and have children down the road, getting a life insurance policy is a wise and proactive thing to do.

The More You Know...

Even if you choose not to invest in a life insurance policy now, it’s easy to get a quote just so you have an idea of the coverages available and their costs for future reference. To learn more about the benefits of life insurance, contact Ernstam Insurance in Yuba City today at 530-751-1212.

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