Early Career Insuring
Until recently, you may not have had a need for insurance, as you may have been covered under a family policy or other means of coverage. Now that you’re early in your own career you’ll need to start owning your own insurance coverage. To do that, you’ll need to know some insurance basics.
What Type of Life Insurance Do I Need?
It’s up to the parent (is that now you?) to assess if the need for life insurance exists (if someone is financially dependent on you and you are not independently wealthy, you probably should consider buying life insurance). What type of life insurance (term life insurance or permanent life insurance), how much coverage you (your dependents) may need, for how long, etc. are all features to consider when you shop for life insurance coverage early in your career.
You can get an idea of how much life insurance coverage you may need by using this free calculator.
Shopping for life insurance may be facilitated by using a financial professional. You’ll pay the same whether you shop for it yourself or use the help of a financial professional because life insurance premiums are regulated by your state. The benefit of using a financial professional is that the financial professional may help you ask questions you did not know to ask, may have insight you do not have, and may make suggestions you would not otherwise consider.