Life insurance isn’t just for older adults who are planning for retirement. Individuals in their 20s and 30s should also be signing up for a plan to take advantage of the many benefits of securing a policy early. Here are a few reasons to purchase coverage now. 

Why Do Millennials Need Life Insurance?

1. Secure Low Premiums

Life insurance premiums are lower for younger people since they’re considered healthier than older individuals. If you sign up as soon as possible, you can lock in a low rate and negotiate to keep that rate for decades. 20 or 30 years in the future, you’ll be paying a fraction of the cost of someone else your age who is just signing up for a policy.

2. Build Savings

life insuranceWhole life policies cover you for your entire life and have built-in savings. The money paid into this plan will accumulate cash value over the years, tax-free, and you can use the low-risk savings in the future. Some people choose to borrow against it or use the money during retirement.

3. Protect Loved Ones

It’s never too early to start protecting your loved ones. You may have children, but even if you don’t, you may have a spouse who relies on your income to pay the rent and other bills.

You don’t want your loved ones to become burdened by your debt or the costs of your funeral. Life insurance is an affordable way to financially protect your loved ones and ensure they have the means to live comfortably after your passing.


If you want to secure a life insurance policy, contact High Rock Insurance Agency in Lexington, NC. This independent company offers policies from a range of providers so that you can find the best rates and coverage for your needs. Their team is dedicated to providing personal support and adapting your policy as your needs change. Learn more about their services on their website, or call (336) 236-9022 to request an insurance quote.