Why You Need Term Insurance in Your 20s
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TimesMoney TeamTerm Insurance: The Younger, The Better
Many young professionals skip term insurance thinking they do not need it yet. Here is why that is a mistake.
Lower Premiums
Getting insured at 25 vs 35 can cut your premium by 40-50%. The younger you are, the cheaper the coverage.
Financial Protection
If anyone depends on your income — parents, spouse, or future children — you need term insurance.
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