Click to CallLife insurance is often misunderstood. The benefits of this form of insurance are many for people of all ages. However, making the choice to invest in life insurance is deeply personal and should fit your life and your future goals. Our team at Birdsong Agency Inc. is committed to helping Snellville, GA residents understand this insurance and get the coverage they need.
What is Life Insurance?
In short, life insurance is designed to pay someone (beneficiary) a lump sum of money in the event of the insured person’s death or after a set amount of time. You can buy life insurance to cover your entire life or for a set period of time, hence the terms whole life or term life insurance. The insured individual pays premiums in exchange for the lump sum (death benefit) paid out to beneficiaries of their choosing. Typically, there aren’t any stipulations in terms of how the payout is used by your beneficiaries.
I’m only twenty-five. Is life insurance a wise investment at my age?
Perhaps. Life insurance has many benefits and can be adjusted to fit your life and your needs. As a young person, life insurance could pay off a student loan, mortgage, or any number of things in the event of your death. Although it’s most commonly associated with people who have families, mortgages, and assets, it has benefits for young people as well. If you pass away with student loan debt, your family members might be left with this debt. Life insurance could cover this debt to relieve your family of this potential financial burden.
Reach Out To Us
If you have questions regarding the benefits and the practicality of investing in life insurance as a young person, call us at Birdsong Agency Inc. in Snellville, GA. We’d be happy to answer your questions and help you explore your options.
