Are You Too Young for Life Insurance?

An even better question is this: Would someone who depends on you for their standard of living suffer financially if you were to suddenly pass away?

A young couple sit on the floor in front of their sofa and look at financial paperwork.
(Image credit: Getty Images)

A common perception of life insurance is that it’s just for people well into their careers with good, if not high, incomes and a spouse or children who have become used to their standard of living. Until you’ve achieved all that, common wisdom says, life insurance simply isn’t necessary.

That stance, however, is short-sighted. Life insurance isn’t just for protecting comfortable or luxurious living conditions for your survivors. It’s also, if not primarily, for protecting their ability to financially survive should you pass away unexpectedly.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Brianna Gutierrez, Investment Adviser Representative
Director of Operations, Defined Financial Planning

As Director of Operations, Investment Adviser Representative Brianna Gutierrez applies her considerable management talents to growing the company while ensuring clients get the responsive, outstanding service they’ve come to expect. Brianna has a deep understanding of the financial planning process needed to effectively manage the day-to-day operations while working to maximize client returns.