If you are asking about life insurance, it is a good idea to get life insurance as soon as you get a job and can pay for it.
While federal student loans are generally discharged if the borrower dies, PLUS loans and private loans may become the responsibility of the surviving spouse and/or parent(s). Even if you don't have student loans, your parents may have tapped out their resources putting you through college, so having a final expense policy would be nice in case of tragedy. Of course, if you have a spouse and/or children, life insurance is very important.
Again, it is easy to get reasonably priced life insurance for most recent college graduates. Many underwriters will also allow you to get more coverage than you first qualify for, based on expected increase in earning. Please let me know if we can help.
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
You need insurance whenever you cannot afford a loss. That loss could be a vehicle, an apartment, or your life. The largest threat is a lawsuit so protect yourself from that with a tenant’s policy and auto insurance. If you love anyone or have obligations, then life insurance is also necessary. Wherever you think you have an exposure to loss ask an insurance agent about it.
That is a great question!! I'm really pleased to see you looking already at your future, that's a great thing! My advice: Health insurance, stay on your parents' until you're 26, then go to the www.healthcare.gov site and get a policy for yourself, as you most likely will qualify for a subsidy to help pay for it. Life insurance, find a whole life policy that will allow you to buy a minimum amount, but will allow you the option to increase your coverage as you become more solid financially. I have several companies that I work with that will allow you to do that, and since you are young, and in good health, the premiums are pretty reasonable to start out with. If the parents have you on their auto insurance, beg them to let you stay there. If the parents or someone co-signed loans for you, you may want to consider covering that debt with a term life policy, just in case, either in addition to, or in place of ( in addition to is preferable) your whole life policy.Live at home, and save on renter's insurance. In all seriousness, take the advice about the health and life insurances. Congratulations on your accomplishment, graduating college is something that you should be very proud of doing! Thanks for asking!
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While federal student loans are generally discharged if the borrower dies, PLUS loans and private loans may become the responsibility of the surviving spouse and/or parent(s). Even if you don't have student loans, your parents may have tapped out their resources putting you through college, so having a final expense policy would be nice in case of tragedy. Of course, if you have a spouse and/or children, life insurance is very important.
Again, it is easy to get reasonably priced life insurance for most recent college graduates. Many underwriters will also allow you to get more coverage than you first qualify for, based on expected increase in earning. Please let me know if we can help.