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

Sales (18)
Life Insurance (74)
Market Exposure (1)
Charitable Giving (2)
Social Optimization (3)
Social Media (7)
Clients (2)
Annuities (25)
Health Care (1)
Star Wars (1)
Legacy (1)
Sales Concepts (10)
Variable Annuities (1)
Retirement Strategy (4)
Media (2)
Roth (1)
Benefits (1)
Life Insurance Trends (17)
term (5)
Life Insurance Brokers (6)
Annuity Concepts (10)
Healthy Living (1)
Life Insurance Awareness Month (5)
Cash Value (1)
Indexed Annuity (3)
hiring (6)
funeral (1)
Baby Boomers (1)
Universal Life Insurance (1)
Training Event (1)
Retirement (10)
IUL (8)
Immediate Fixed Annuities (1)
Life Insurance Check Up (6)
review (1)
Advice (1)
Deferred Fixed Annuities (1)
Financial (4)
march madness (1)
Death Benefit (1)
Donation (1)
Financial Planning (19)
injury (1)
Annuity Update Show (9)
Life Quotes (1)
living benefits (3)
Retirement Planning (21)
Retirement Investment (4)
final expense (1)
Millennials (6)
Life Insurance Broker (15)
leads (4)
Generation Y (1)
Growth Opportunity (1)
Brokers Alliance (8)
Insurance (21)
Income Planning Academy (1)
Alternatives (3)
Life Insurance Evaluation (8)
Content Building (2)
Investments (2)
Facebook (2)
Marketing (12)
Gift (1)
illness (1)
Prospecting (3)
Charity (2)
Fixed Annuities (7)
Alternative Investments (2)
gul (1)
Interest Rates (1)
Long-Term Care Awareness Month (1)
Long Term Care (3)
social security (1)
Life Insurance Update Show (8)
Gender Gap (1)
Additional Earning (1)
DOL (2)
Tips (2)
Brand Values (1)
Brokers (2)
term life (6)
products (5)
Required Minimum Distribution (1)
Financial Legacy (6)
RMD (1)
Video On-Demand (1)
IRA (1)
Best Rates (1)
Breast Cancer Awareness Month (2)
Looking Forward, Giving Back (1)
Premium Finance (1)
Tax Benefits (2)
Pitch (1)
MYGA (6)
Legacy Planning (1)

Tag Cloud