3 Reasons Singles Still Need Life Insurance

Mar 15, 2017

As producers, it can be easy to focus on selling policies to families. But, what about single clients? You might say, “Singles are too busy hitting up bars and swiping through Tinder. Most of them are not thinking about life insurance.” Our response to that is, as life shows us, everyone needs life insurance. Here are three reasons singles still need life insurance:

  1. Outstanding debt could be transferred to relatives - If a single person passes away prematurely but still has outstanding debt, the responsibility of paying off that debt could be put on the shoulders of their grieving relatives. This includes student loan debts. Clients who are single could purchase a term policy that covers these debts while they are in the process of paying them off.
  2. Financially supporting aging parents - A single person supporting their parents financially or helping to pay for medical expenses should have some type of life insurance coverage for themselves. In the event of that person’s death, a life insurance payout could continue to cover the parent’s expenses.
  3. Possible retirement vehicle - Some singles may not be financially supporting someone else, but they are certainly financially supporting themselves. Contributing to their 401K and investing in the stock market seem like popular choices for singles to save for retirement. Another option they can look at is purchasing a life insurance policy that accumulates cash value. This helps to diversify their portfolio and gives them yet another vehicle for income after retirement.

singles 2.PNG



Category: Life Insurance

Category List


Tag List

Annuities (26)
Star Wars (1)
Tips (2)
Retirement Planning (22)
Health Care (1)
Death Benefit (1)
Cash Value (1)
Long-Term Care Awareness Month (1)
Marketing (12)
Market Exposure (1)
Training Event (1)
Gift (1)
term (5)
Fixed Annuities (8)
Life Insurance Awareness Month (6)
Life Insurance Broker (15)
Healthy Living (1)
Pitch (1)
Insurance (21)
Life Insurance Evaluation (8)
Donation (1)
leads (5)
Variable Annuities (1)
Deferred Fixed Annuities (1)
Prospecting (3)
Brokers Alliance Open (1)
Life Insurance Check Up (6)
Tax Benefits (2)
Generation Y (1)
funeral (1)
Leaderboard (1)
Advice (1)
hiring (6)
Financial Legacy (6)
Interest Rates (1)
Life Insurance Trends (17)
Breast Cancer Awareness Month (2)
living benefits (3)
Content Building (2)
Financial Planning (19)
Sales Concepts (10)
Best Rates (1)
Life Quotes (1)
Long Term Care (3)
injury (1)
Income Planning Academy (1)
Baby Boomers (1)
Protection (1)
social security (1)
gul (2)
Facebook (2)
Benefits (1)
Millennials (6)
FIA (1)
Annuity Update Show (10)
Life Insurance (76)
Social Media (7)
Universal Life Insurance (1)
consumer marketing (1)
march madness (1)
review (1)
Looking Forward, Giving Back (1)
Legacy Planning (1)
Social Optimization (3)
Growth Opportunity (1)
illness (1)
MYGA (8)
Legacy (1)
Media (2)
Retirement (10)
term life (7)
products (5)
Clients (2)
Indexed Annuity (3)
Charity (2)
Income (1)
Financial (4)
Roth (1)
non-med (1)
PIA (2)
case studies (2)
Alternative Investments (2)
Video On-Demand (1)
Alternatives (4)
Premium Finance (1)
Immediate Fixed Annuities (1)
Waste Management Open (1)
Annuity Concepts (11)
Brand Values (1)
rates (1)
Brokers (2)
Life Insurance Update Show (9)
PPC (2)
Charitable Giving (2)
Retirement Strategy (4)
final expense (1)
DOL (2)
Gender Gap (1)
Brokers Alliance (8)
Retirement Investment (4)
Investments (2)
resources (1)
Required Minimum Distribution (1)
Life Insurance Brokers (6)
Sales (18)
IUL (9)
RMD (1)
IRA (1)
Production (1)
Additional Earning (1)

Tag Cloud



Archive