Do I need life insurance if I’m a young single person?

Do I need life insurance if I’m a young single person?

One advantage of purchasing life insurance when you’re young and healthy includes likely being able to obtain low cost coverage.  Insurance premiums typically increase as life expectancy decreases.  Whether considering buying term or whole life insurance, the costs will likely be less now than in the future.  If you have dependents in the future, you will have locked in the lowest rates and you will have guaranteed you insurability.  Therefore, you will not have to be concerned about higher rates as you age and possibly experience declining health.  Contact our office today and let us help you find the most viable life insurance options.

Who should consider a high-deductible health insurance plan?

A high-deductible health insurance plan should be considered by those individuals or families that are healthy and have adequate funds in the bank.  Providing protection from catastrophic events, these plans typically offer cost savings over other plans because of the high deductible.  A high deductible plan should be considered if you are in good health, rarely need prescription drugs, do not have pre-existing conditions, and no intentions of becoming pregnant.  Therefore, minimal out-of-pocket expenses occur.  However, this will provide assurance and ability to enjoy the comfort of having protection against unexpected and expensive medical costs. 

Megan B. Bynum

Licensed Life & Health Insurance Agent

Financial Services & Solutions, Inc.

630 S. Church Street, Suite 100

Murfreesboro,TN37130

615-216-1321

mbynum@fssplanning.com

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