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Episode 3285:
Jeff Rose outlines why life insurance can be a smart move for young adults, even those without dependents. With low premiums and future-proofing benefits, early coverage can protect your loved ones from financial burdens and lock in cheaper rates before age or health changes make it more costly.
Read along with the original article(s) here: https://www.goodfinancialcents.com/life-insurance-for-young-adults/
Quotes to ponder:
"Life insurance is very inexpensive, and even if you took out a small $50,000 to $100,000 policy, you would be paying less than 2 value meals at McDonald’s a month for coverage."
"If you want to save money on your monthly premiums, spend a couple months improving your health."
"The younger you are, the lower your costs are going to be in paying for your life insurance."
Episode references:
Payable on Death (POD) Account Explanation: https://www.investopedia.com/terms/p/payableondeath.asp
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