As a young single in Texas, you may think of life insurance as something you don’t even need to think about for several years, until you’re married and maybe even have kids. However, everyone can benefit from a life insurance policy, regardless of age. Here are some reasons to consider getting life insurance even when you’re young.

Lower Cost: Premiums on life insurance increase as you get older, so if you open a policy now, you’ll pay lower monthly premiums than if you wait. You may be surprised to learn how inexpensive a policy can be, and as your independent agent in Coppell, we can provide quotes on policies from top carriers.

Provide Funeral Expenses: You may be surprised to learn just how much it can cost to cover the expenses your family would incur if you passed away. A small life insurance policy is perfect for covering things like funeral expenses, a burial plot, and any paperwork needed for handling the possessions you leave behind.

Cover Your Debts: If you have student loans for which your parents or others have co-signed, life insurance can repay your loans so your co-signer is not held responsible for them. Although federal student loans are forgiven upon death, many private lenders do not offer the same benefit. Any remaining money from your policy after covering your debts can go to your family members, like parents, siblings, nieces, or nephews.

We encourage you to consider whether a life insurance policy may be beneficial for you, even when you’re still young and single. Let us provide you with quotes from our independent agency in Coppell, Texas so you can evaluate the cost and make an informed decision about whether to purchase a policy now.