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With over 76 years of experience, The Jordan Insurance Group is an industry leader in Life Insurance strategies and Employee Benefits. We strive for excellence through our due diligence in selecting products to satisfy our clients’ needs with proven benefit designs and tax strategies. Our Team utilizes a diversified multi-level approach in preserving, protecting and growing wealth for our business and individual clients.
Life Insurance: You're not too young
According to National Center for Health Statistics, the incidents of people succumbing to illness was less than 200 per 100,000 for those who were age 44 or below. These statistics are one reason why young people often think they are simply too young to need a life insurance policy. However, there are specific reasons why someone who is under 45 may wish to consider life insurance.

Young married couples

Marriage represents a significant commitment between two people. On average, the Census data shows that people are marrying at about age 29. This means they may be taking on other responsibilities such as children, a home and perhaps investing for retirement for the first time. Getting life insurance at this age is significantly easier than it is for those who wait until they are in their 40s or older. Having

Young singles still need coverage

Many young people feel if they do not have children or a spouse to worry about they do not need to maintain a life insurance policy. Keep in mind, those who insure while they are young may be able to increase their coverage as life events change far easier than someone who was never insured. In addition, even a young, single person is likely to have credit card bills, automobile payments and hospitalization costs that must be covered in the event of their untimely death. Younger people are generally eligible for lower premiums on life insurance and depending on the policy they elect, they can also look forward to having some cash value built up which is a form of "forced saving". Keep in mind, even if you are young and healthy, you are not immune to an accident that could result in your death. Your family, whether it is parents, nieces and nephews or others who care for you will still be faced with the burden of dealing with final debts, hospitalization and burial costs. Simply put, you are never too young for life insurance.
William Jordan
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