Why You’ll Want to Have Life Insurance Sooner Rather Than Later

If you don’t currently have any children or people who depend on your income, you may think that you don’t need life insurance. However, it can be an important way to protect your loved ones – parents, spouse, etc. – from taking on any debt you may have. 

If you have student loan debt, it is important to understand who you borrowed from and what may happen in the unfortunate event of your sudden passing. While outstanding federal student loans are discharged when someone passes, that isn’t always the case with private lenders. When a borrower with a private loan dies, a co-signer may be responsible for subsequent payments.

With life insurance, we can usually set up a really cost effective policy to cover the exact amount of any student loan debt. Meaning that should anything happen to you, the life insurance coverage pays any remaining student loans instead of passing that burden on to your loved ones. 

Another key reason to start some form of personal life insurance early is that you will never be as young as you are today! With each year that passes the cost of life insurance increase with your age. Similarly, for most people our health changes as we age. You don’t want to wait till you think you “need” life insurance to find out you don’t qualify due to a health condition you didn’t have at a younger age. 

At the Weiser Agency, our goal is to help give you peace of mind that your lifestyle and your loved ones are protected both now and in the future. Learn more about our life insurance offerings by clicking here or by giving us a call directly at 805-984-3777 or sending us a message at info@TheWeiserAgency.com.  Our entire Weiser Agency team will work as your thought partner to ensure your loved ones are protected.