Millennials Need Life Insurance! Check Out Standard & Preferred Whole Life On A Simplified Basis
Give Millennials The Financial Security They Need!
A recent edition of LIMRA News stated that “Millennials are at a pivotal stage for life insurance. The majority are married or partnered, have children under 18, own homes, and have more than $100,000 in household income. Seventy-two million strong, Millennials represent the largest generation living today. They are also the biggest market opportunity for the life insurance industry.
- Only 45% own life insurance, leaving them and their families at financial risk should they die unexpectedly.
- Millennials express greater financial concerns than other generations — 56% say they feel ‘barely or not at all’ financially secure.
- Nearly half (47%) of Millennials say they need (or need more) life insurance, which translates into 34 million American adults.
- Eight in 10 say they need life insurance and half say they plan to buy within the next 12 months.”
Provider Whole Life Is A Great Option For Millennials!
Provider is a permanent whole life product for your standard and preferred clients, with simplified underwriting:
- Issue ages 0-80 (age last birthday)
- Face amounts from $10,000 to $150,000 (based on issue age)
- Riders and benefits available, many at no-cost
- No medical exams or bodily fluids testing*
For juveniles, a no-cost built-in Guaranteed Insurability Benefit Rider is available – it allows the policyowner to purchase additional coverage, up to the base policy face amount, with NO evidence of insurability on the anniversary nearest the insured’s 25th birthday!
*Underwriting reserves the right to order additional requirements, if needed.
Policy form: ICC21 200-862 or 200-862 (UHL); ICC21 18-862 or 18-862 (UFFL)
Rider form: 200-538 (UHL); 18-538 (UFFL)
Product/rider availability varies by state.