If you’re in your 20’s or 30’s and single, buying life insurance may sound like an expense you don’t need now. But it could be a smart move. Senior Personal Finance Correspondent Sharon Epperson explains how buying a policy when you’re young could pay off.
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25 thoughts on “Why to buy life insurance in your 20’s”
Who has any money left over to buy life/health insurance after paying colossal rents, ridiculous fone bills, the latest fashion, streaming content, and student loans?
How many socialist see the value in future planning when the gov’t already has a plan for everybody?
yes right. you got bunch of debt you can’t afford to pay off with the little salary you have, and the best thing to do with the very little money you have left over is to buy a life insurance. it’s a great thing to have and help the person who co-signed your loan if you plan to die the week after, otherwise you’re a sucker.
Ong glad mf see thru this bs
Not relevant for me as a European student. 🙂
Baloney! If the prospect of not having insurance is so dire, why are there agents lining up 3 deep to take the other side of that bet?
How would you advise?
Hi everybody, if you are looking for a trustworthy life insurance with low monthly payments DM me @ _nessa_bonet . If you want to explore the website before reaching out just search up PRIMERICA. My boyfriend is a licensed agent with them and it is truly amazing to see how these agents help change family lives. Even if you don’t end up buying life insurance their presentation really opens your eyes to how important life insurance truly is. They can present through Zoom .
Thank you 😊
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If young get a policy with a return of premium and get all your many back if you don’t die.
I had Life insurance I was praying it for three years and then and then Cove 19 I lost my job and get it is Waste of money just put some money in your savings account
How much was you paying? I got a letter in the mail saying life insurance is 3.19 a month
Did u talk to ur advisor as soon as u lost ur job?
We europeans dont have student loans😏
OMG, the interviewers voice is annoying
I would rather save that money by myself,maybe double it for myself.
I bet you wouldn’t, and if that happens while you’re trying to save the money, you become a burden
Ppl that insure themselves for this and dont have an abundance of money and don’t work a dangerous job are clowns. Why would u be paying 200$ a year to the garbage bin. What are the chances that you will die before the age of 70 in this day and age. Insurance companies ripping masses off and nobody cares. Everybody just paying 17$ a month its nothing. No its not it, they calculate the probability of death before 50 and they scale it to the masses. And they make insane profits from it. Its just a big scam.
“Do I get my money back?” It’s funny people don’t ask that when it comes to car or health insurance.