Three Reasons Why Gen Z Should Buy A Life Insurance Policy

Do you feel that you do not require a life insurance cover because you are “just a college student” and you can postpone buying one for later? Do you think that only people in their 30s and above should worry about buying life insurance? You may not necessarily be correct in your assumptions. Buying life insurance may not seem like a priority at a young age, but here are three reasons which makes it relevant for Gen Z to buy insurance. Low Premium Rates If you don’t want to buy a life insurance policy now, be prepared to pay significantly higher premiums for the same insurance policy after a decade! The earlier you buy an insurance policy, the lesser will be the premium amount, assuming that an individual does not have any disease. This is because the risk to life for young people is lower. Moreover, as you grow older, the likelihood of getting a disease goes up,...