Why Life Insurance Matters Even When You Are Young
- Mason Hayes
- 6 days ago
- 2 min read
The Best Time to Get Life Insurance Is Before You Think You Need It.
My name is Mason and I am one of the agents here at Bankers Agency. When my wife Cozette and I got married, life insurance was probably the last thing most people our age were thinking about.
But working in insurance every day has a way of changing how you look at things.
As the primary income earner in our household I knew that if something happened to me, Cozette would need real financial protection. Not just a small policy to cover funeral costs. I bought a $1,000,000 term life insurance policy and my monthly premium is under $30. That is less than most people spend on a streaming subscription.
Your Age Is Your Biggest Advantage.
The younger and healthier you are when you buy a term life policy, the lower your rate will be for the entire length of the term.
I have $1,000,000 in coverage for under $30 a month. That rate is locked in for 20 years. A 20 year term policy locked in while you are young carries a rate that most people in their 30s and 40s would not believe.
By the time the term ends our lives will look completely different and we will be in a much stronger financial position to reassess.
Life Insurance Is Not About You.
It is about the person you leave behind.
If something happened to me tomorrow, Cozette would lose my income, potentially our home, and the financial foundation we have been building together. A $1,000,000 policy gives her real options. She could pay off the house, cover living expenses for years, and have time to grieve without a financial crisis happening at the same time.
That is what life insurance is actually for. The coverage amount should reflect your real life, not just the minimum that feels comfortable.
Getting Married Changed Everything.
When you are single the stakes are lower. When you share a life with someone, a mortgage, a household, and plans for the future, the stakes change completely.
If you are newly married or planning to start a family, this is the conversation to have right now. Not later. Your rate today will almost certainly be lower than your rate five years from now.
A 20 year term policy means you are covered through the years when your financial responsibilities are at their highest.
We Are Here When You Are Ready.
At Bankers Agency we help young couples and families in Polk County think through life insurance every day. It is one of the most straightforward conversations we have and also one of the most important.
If you do not have life insurance yet, I would love to sit down with you. The cost is lower than you think and the peace of mind is worth every penny.
Ready to find out what a policy would cost you?
Contact Bankers Agency for a free life insurance quote. It takes less than 10 minutes and you might be surprised what you can get covered for.
📞 417-777-3000
📍 109 S Main St, Bolivar, MO 65613
📍 24969 MO-254, Hermitage, MO 65668
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