Life insurance for Generation Y
You’re young, hip and plugged in—and you’ve probably given little thought to life insurance. Like many of your generation, you are probably waiting for certain life events to occur before investigating the ins and outs of such financial products. But life insurance covers expenses that could end up burdening your family like funeral costs and other debts (e.g. vehicle, student loans, credit). You live in an age when information is at your finger tips, so shouldn’t you take a moment to learn a bit more about something so important?
Learn more online
A 2010 survey released by Prudential revealed that the average Gen Y’er has developed a number of misconceptions about life insurance. For example, many Generation Y members believe life insurance is only a necessity for people who have high-risk occupations or are ill or elderly. Others surveyed believe life insurance to be a luxury product reserved for the well-off.
When it comes to shopping, Generation Y members turn to the internet for research, review and purchasing of many items that interest them. Learning more about financial services should be no exception. The internet is a boundless resource for you to better understand the complexities of financial products and planning.
Figuring out what products and services fit your needs is always the first step to purchasing life insurance. To help you get started, you can read articles and use our insurance needs calculator at www.efinancial.com.
Purchasing life insurance
In response to the lifestyles and preferences for most of Generation Y, the industry has taken steps to give consumers a simpler way to buy—you can now even purchase life insurance completely online.
However, it doesn’t hurt to still talk with a professional. Part of a life insurance agent’s job is to demystify the life insurance process and help you find the product that is right for you. Also, according to Prudential’s survey, 53 percent of Generation Y members that participated said though they would consider buying life insurance online, they would still prefer to consult with an agent at some point during the buying process.
To get a Term Life Insurance Quote
or Research how to Buy Life Insurance Online