Even if you’re not married, life insurance can be part of a sound financial strategy. If you have loans, a mortgage or debt with a co-signer who would be responsible to complete the payments should you be unable to, then a life insurance policy can help ensure that these expenses are covered.
And, it can help you avoid leaving end-of-life expenses, such as burial costs, to your loved ones. You may even have a significant other, aging parents or a charity to whom you’d like to transfer wealth or leave an inheritance.
Life insurance can also help you protect the family you may have in the future. If you’re in good health, a policy you purchase today can potentially be less expensive than if you wait to purchase one after you marry and start a family. Talk to a licensed insurance agent to learn how life insurance can fit into your life now and in the future.
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