Why Millennials Need To Start Thinking About Life Insurance Now Especially If You Re Behind On Retirement Savings
Fast-forward more years than I care to reveal with any specificity, and I’ve learned the costly error of my earlier thinking the hard way. For a variety of reasons, obtaining a life insurance policy at this point would be a seriously pricey endeavor, one I simply can’t afford. Which is why I’ve set out to help others avoid a similar mistake. Millennials, in particular, should take heed. While COVID-19 has raised awareness about the important role life insurance plays in families’ financial security, research from LIMRA shows that 42 percent of Americans would face financial hardship within six months if the primary wage-earner were to die unexpectedly....