DO COLLEGESTUDENTSNEEDLIFE INSURANCE?

AMIGO MGA , LLC

You’re young, healthy, and living the dream, or at least starting tobuild your dream. Life insurance probably isn’t as exciting to thinkabout as finishing your favorite Netflix series or planning your next

vacation, but it certainly is something you should be thinking about.

What if you were to die tomorrow, would anyone be affectedby the loss of your income? Chances are the answer is “yes”.

That’s one big reason to consider purchasing a life insurancepolicy. Here are a few more considerations:

People Depend On You

Whether you have children or not, you probably still have peoplethat depend on you. A spouse or significant other is a dependent.

Their lives would be hugely affected if you were to die.

Costs Are Lower

Because you are young and healthy, you may be considered a low-

risk client for a life insurance carrier. Low-risk means better rates.

You Have Debt

You want toprotect your lovedones from havingto be responsiblefor your debt

whether it’s loans,mortgage or evencredit card bills.

Funeral Expenses

Even if you aren’t married, someone will still have to cover the costs of yourfuneral. Funerals can cost your loved ones between $5,000 and $15,000. That’s aconsiderable amount of money to burden your family with. Life insurance can

cover these costs and take the financial stress off your loved ones.

Your Employer’s Insurance May Not Be Enough

Having a policy through work does offer some peace of mind, but what if you wereto become sick and unable to work? Your work policy is generally only effective ifyou are working at that company. It’s always a good idea to purchase your ownpolicy in the event you were to become terminally ill or pass away unexpectedly.

There are many reasons and benefits topurchasing a life insurance policy while

you are still young and healthy.

Can you think of other reasons?Let us know in the comments!