David Ross & Associates
  • Home
  • Testimonials
  • Join List
  • Blog
  • Contact
  • Critical Event Protection

When you need life insurance in your 20s and 30s

12/20/2016

0 Comments

 
When you're just starting out, life insurance may not be your first concern. But it's worth planning for the unexpected.

Half of millennials have life insurance — whether their own policy, one through an employer, or both, according to the LIMRA and Life Happens 2016 Insurance Barometer report.

"The reason you have insurance is to provide protection for the people you're going to leave behind," said Carolyn McClanahan, a certified financial planner and the director of financial planning for Life Planning Partners in Jacksonville, Florida.

When you're young and single, you might not need a lot of life insurance — if any. But there are a few situations where you might want to secure a policy in your 20s or 30s:

If anybody counts on you for your income, then you want to have life insurance," McClanahan said.
​
Many people start to think about life insurance when they get married or have a child, she said. But they aren't the only people who might benefit from a policy replacing your lost income. One in five millennials financially supports a parent, with an average outlay of $12,000 a year, according to a 2015 TD Ameritrade analysis.

Read more at CNBC....
0 Comments



Leave a Reply.

    Picture
    David Ross

    Call me at 

    678-654-9500
    • Independent Life & Health Insurance Agent
    ​• LegalShield & IDSheld Independent Associate & Director

    RSS Feed

    Archives

    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015

    Categories

    All
    Accelerated Depreciation
    Business Management
    Cost Segregation
    Credit Score
    GMG Savings
    Health Insurance
    Identity Theft
    Legal
    Life Insurance
    Marketing
    Property Cost Allocation
    Property Tax
    Stryde Savings
    Tax Benefits

    Tweets by @DrDavidRoss
Contact David Ross & Associates at 678-654-9500
2720 Riverside Drive #7063, Macon GA 31209
david@davidrossandassociates.com


David Ross is a licensed life & health insurance agent representing
Humana, UnitedHealthcare, Clover Health, New Era/Philadelphia American, Manhattan Life & Assurance, Family Life, Voya Financial, Banner Life, Transamerica, Protective Life, Securian/Minnesota Life, Cincinnati Life, Illinois Mutual, Mutual of Omaha, Ameritas, National General, SureBridge, and other insurance carriers. David Ross is an Independent Associate and Director of LegalShield. LegalShield and IDShield are registered trademarks of LegalShield. TrioMed is a registered trademark of National General. Some icons and photos courtesy of flaticon.com, pixabay.com, and rawpixel.com.
​

Descriptions of benefits are intended only to highlight the insured’s benefits and should not be relied upon to fully determine coverage. If any description conflicts in any way with the terms of any policy, the terms of the policy prevail. For complete benefits descriptions and conditions, see the policy.

Copyright © 2009 - 2021 David Ross & Associates 
  • Home
  • Testimonials
  • Join List
  • Blog
  • Contact
  • Critical Event Protection