When is the right time to start thinking about life insurance? Now. It may sound crazy, but more and more people between the ages of 18 and 44 are applying for policies to help protect what matters most.1 Are you one of them?
What Life Insurance Can Offer You
You never know what could be on the road ahead — marriage, parenthood, an accident, or an unexpected illness. It’s best to be prepared and having the right life insurance policy that fits your needs can make a big difference.
Life insurance is more than just a contract that tells you what to do with your money. It helps you to secure a legacy and protect your family.
There are many different policies out there. And companies like The Prudential Insurance Company of America (Prudential) are working diligently to make the application process even easier.
Investing in Your Family’s Future
Let’s talk numbers. The average 30-year-old can apply for $250,000 in life insurance, issued by Prudential, for $162 per year. That’s less than what some Americans spend on fast food or Hulu subscriptions in the same timeframe,2 and is arguably more beneficial in the long-run.
Not sure how much you may need? You can access the Life Insurance Needs Estimator, available on the financial wellness portal for members of the State Bar of Texas. This tool can help you analyze your lifestyle and determine a coverage amount that best suits your needs.
The Texas Bar Private Insurance Exchange offers affordable group term life insurance as a valuable benefit of your membership. If you are interested in learning more, please visit our term life insurance page or feel free to contact us with any questions you may have. Our team of benefit counselors is standing by to help guide you to a plan best suited for your needs.
1 Hampton, Deon. “Americans flocked to buy life insurance, prepare wills and trusts last year.” NBC News. 1 January, 2021. https://www.nbcnews.com/news/us-news/americans-flocked-buy-life-insurance-prepare-wills-trusts-year-n1252498
2 Martin, Emmie. 90% of Americans don’t like to cook—and it’s costing them thousands each year.” CNBC. 27 September, 2017. https://www.cnbc.com/2017/09/27/how-much-americans-waste-on-dining-out.html
Group Insurance coverage is issued by The Prudential Insurance Company of America, a Prudential Financial company, Newark, NJ. The Booklet-Certificate contains all details, including any policy exclusions, limitations, and restrictions, which may apply. Contract Series: 83500
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