Persuasive Essay On Life Insurance

551 Words3 Pages
Most people think of life insurance in McKinney, TX as something they buy when they’re young and just married or just starting a family. In their 20s and 30s, most people are also in generally good health, which makes life insurance highly affordable. By the time they reach their 50s or 60s, people sometimes drop their life insurance coverage because their children are grown up or they and their spouse feel the guaranteed income of social security is enough to sustain them should one or the other die. Why You’ll Need Insurance When You’re Older Unfortunately, that paradigm of buying life insurance in McKinney, TX at a young age and dropping it later in life when it’s no longer needed has shifted. Today, people are living longer and having children later in life. Additionally, the age at which people can claim social security benefits is slowly being moved back; in the next ten years, full retirement age will likely have changed from 66 to 70 or even older. Once you reach your 50s and you realize you still have loved ones who won’t be able to take care of themselves if something happens to you, you may want to consider purchasing a new life insurance policy.…show more content…
So the first step in determining if you need life insurance is to figure out which of your loved ones needs financial support and for how long. You should consider your spouse, younger children, older children with disabilities, parents or even siblings who are dependent on
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