Generally, people think that insurance is only mandatory for those who are married or already have a family. However, the millennial generation can also have insurance from now on. Instead of spending money just for boba snacks, it's better to save up to prepare for insurance from now on.
For you millennials who are still unsure about preparing insurance from now on, here are four benefits that you can get if you prepare insurance from now on, as reported by Prudential.
1. Opportunity to apply for insurance is greater
Applying for insurance at a young age will be more stressful to be accepted into an insurance company. This is because your body is considered in a healthy condition without any comorbidities. If you apply for insurance at the age 40-50, the insurer will carry out a strict screening because your body is considered to have been affected by the disease.
2. To manage finances
Instead of buying boba snacks and coffee all the time, it's better to use the money to pay insurance premiums. That way, your finances are well-managed and not wasteful.
3. Premium costs are cheaper
Health conditions that are still prime at a young age make the cost of the premium you pay cheap. The low risk of disease because you are young makes compensation costs affordable if you apply for insurance.
4. Provide protection
Insurance protects from uncertain losses in the future. The security provided by insurance varies depending on your insurance type. Health insurance will provide health care protection, while life insurance will protect the form of risk coverage if the customer dies.
Thus the discussion on the importance of insurance for the millennial generation. Keep in mind that disasters can happen to anyone and happen at any time. Therefore it is essential to prepare insurance early on.
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