As an individual who’s not married and may be without any immediate family living with you, you may wonder if you should have life insurance. The answer isn’t so clearcut on this one. The NY Twin Bridges Insurance Agency of Albany, NY can assist you when it comes to finding the answer to this question.
Single People May Want to Consider Life Insurance
Many young, single individuals don’t spend much time thinking about their financial future. They may not realize that their circumstances will change someday, for example, they might get married and have children at some point.
For this reason, it’s a good idea to purchase a life insurance policy at a young age. Your policy costs may increase as you get older. You might be able to locate in at a rate that is beneficial when you’re a 20-something bachelor rather than a parent in their 30s or 40s.
Life Insurance is Ideal for Single People with Children
Even if you don’t have a spouse, it obviously doesn’t mean you have no family. Since the number of single-parent homes has tripled in America compared to 1960, this is the demographic to which more insurance companies are paying attention.
It’s important that you think of what challenges your child could deal with financially if something happens to you someday. They’ll need resources in place to make sure that they have at least their basic needs covered. You really don’t want to leave this up to chance.
A Solution for Single Individuals and Single-Parent Families
Life insurance gives you that reassurance that your loved ones will be taken care of if something happens and you’re no longer around to provide for them. Contact NY Twin Bridges Insurance Agency of the Albany, NY area with your questions today.