LIFE INSURANCE FOR THOSE IN THIER 20’s

Written by Danny Ray

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Life Insurance For Those In Their 20s?

Life insurance 20-29

Life insurance in your 20’s

For most people in their 20’s, life insurance is the last thing on their minds. However, being so young, it’s a lot easier to get very affordable life insurance. There are plenty of things to factor in when you’re thinking about buying life insurance rates by age.

 

When you first begin researching, you’ll find that term life insurance is the most affordable kind of life insurance available. For people in their 20’s that may not be swimming in money yet, this is likely to be the kind of policy their most drawn to.

However, term life insurance has a few downsides. For one, as the name suggests, it will only cover you temporarily; terms are usually 5, 10, 15, 20, or even 30 years long. Term life insurance is the most basic kind of life insurance — they only provide death benefit protection. Furthermore, there aren’t any cash value build-up opportunities like there are with permanent life policies.

 

How Much Life Insurance Should I Get?

This question takes much consideration and calculations. There are several factors that go into how much life insurance you’ll need. Remember, you need enough life insurance to cover all of your debts, mortgages, or any other kinds of payments you owe so that your loved ones don’t inherit these bills.

Also, consider the fact that for anyone that is financially dependent on you, such as your children, they will no longer be benefitting from your income. Therefore, you need to calculate how much money that anyone dependent on you will need in order to remain financially secure. For a lot, a people, a $500,000 policy will suffice, while others may need more.

Final expenses are another cost that you’ll likely want to be covered. Funeral services usually cost around $10,000, which is a large amount of money to leave for your grieving loved ones. If you have children, you may wish to have their education bills covered or to see them financially through to adulthood.

 

How Do They Determine My Rates?

For most policies, you’ll need to take a medical exam. This exam will determine how healthy you are, which has a huge impact on your life insurance rates. You’ll want to make a good impression before your medical exam. Here are a few things that we recommend doing before you apply for life insurance:

  • Quit smoking — quitting smoking is probably the #1 thing you can do to receive a cheaper quote for your life insurance. Quitting just a year before applying can cut your life insurance rates in half.
  • Eat healthier
  • Exercise frequently
  • Lose weight
  • Take measures to lower your blood pressure

As a person in your 20’s, you may not be dealing with a lot of the health issues that tend to plague older people. This will definitely help your rates. Furthermore, age has a lot to do with your insurance rates. Life insurance in your 20’s will be significantly cheaper than looking for life insurance in your 50s. If you have any serious medical issues and feel that you won’t be accepted for life insurance, consider looking into no medical life insurance policies.

 

Should I Get Life Insurance In My 20s?

It really depends on the person. For some, especially those who have people depending on them financially, getting life insurance is the responsible choice. This ensures that you take care of your loved ones in case the unfortunate happens.

Regardless, we have a few recommendations to offer. First, we recommend comparing several life insurance companies before making your decision. Rates and policies vary drastically between companies, so it’s always a good idea to receive several quotes before deciding.

Secondly, we recommend working with an independent insurance agent, like we offer here at PinnacleQuote. This is a great investment because working with an agent that knows the business in and out will save you a ton of money in the long run. We have the ability to set you up with the best life insurance companies and make sure that you receive an excellent policy at the lowest price.

Life Insurance For Those In Their 20’s?

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Where can I get the Best Quote for Life Insurance?

First, PinnacleQuote is here to help. Second, Speak with one of our agents, and they’ll be able to answer any and all of your questions. Third, We can help set you up with the best life insurance companies and find the most reasonably-priced policies for you. Finally, Working with us will save you a tremendous amount of time, energy, and money.

PinnacleQuote Life Insurance Specialists, National Independent Agent

Above all, you want to make sure when shopping for life insurance that you want to go with an independent agent over a captive agent. Actually, PinnacleQuote is a licensed national independent life insurance agent in 49 states. At the same time, has relationships with dozens of carriers. In any event, if you’re looking for a simple process, then let PinnacleQuote hold you by the hand. Therefore, we will provide you with the best life insurance rates in the industry, that’s made possible by the relationships we have accumulated over the years. Ultimately, with 25 years experience in the Investment/Life insurance industries, PinnacleQuote will provide you the best service to protect your family.

More Important, If you have any questions, please feel free to contact us at PinnacleQuote (855)380-3300.
Danny Ray & Lisamarie Monaco Contributed To This Article
Danny Ray & Lisamarie Monaco Contributed To This Article

Here at PinnacleQuote Life Insurance Specialists we always put the CLIENT FIRST!! We are not in the business of selling life insurance, but to educate, and provide the best options for you and your family. This way you can make the best choice to properly protect your family. We have over 300 life products available to tailor make a policy for any one of our client’s needs!

We offer the Best PRICE, Best CARRIER, GUARANTEED!

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