What to Know About Buying Life Insurance for the First Time

— May 28, 2023—
Published in THE ASCENT
a Motley Fool Service
by Maurie Backman

39% of Americans Plan to Buy Life Insurance in the Next Year. Here’s What to Know About Buying It for the First Time…

If there are people in your life who depend on your income, or who stand to get hurt financially in the event of your passing, then life insurance is a really important thing to buy. And if you’re contemplating a life insurance purchase this year, you’re in good company.

An estimated 39% of U.S. adults say they intend to buy life insurance coverage within the next year, according to data from LIMRA. And the intent to buy life insurance is even higher among younger generations, with 44% of Generation Z adults and 50% of millennials planning to get coverage this year.

If you’re new to life insurance, it’s important to have a few basic points covered as you seek out a policy. Here are some tips to help you get started…

SEE THE FULL STORY—
fool.com/the-ascent

Continue Reading

All postings in our Curated Content section feature links to external sites, information resources, publications, and news outlets for which we receive no compensation. Links will open in a new browser tab or window.