Whether a high school graduate is moving on to college or a college graduate is moving into the workforce, it’s a good time to consider life insurance.

Here are some talking points to consider when discussing life insurance with new grads:

Why do high school graduates need life insurance?
Many young people will take on student loans with parents as co‑signers. A basic term plan will provide funds to pay off debts for the co-signer if the young person were to pass away. In addition, young people can lock in rates and protect their future insurability with conversion options.

Why do college graduates need life insurance?
Very often, recent graduates have accumulated student loan debt with a co‑signer. A basic term plan can pay off the debt should they pass away. Another benefit is that the earlier young people budget for life insurance, the easier it will be to maintain that budget. As a new employee, they might receive group coverage through their employer, but one or two times their salary may not be enough—and they can’t take the coverage with them.

Can young people afford life insurance?
Yes! Did you know that $250,000 of 20-year term for a healthy 22‑year‑old female is only about $15 a month? That’s less than what most will pay for coffee each week!

Start the life insurance conversation with young people now so they can leverage the benefits of life insurance later.