Young and healthy? Three reasons why Insurance is a good idea

Thinking about the unexpected isn’t always easy and – especially when you’re young, healthy and dependant-free – the ‘worst case scenario’ may not be on your radar yet. But there are plenty of reasons to consider Insurance at a young age.

If you belong to the Millennial generation or know someone who does, this quick read may help you put a couple of things into perspective.

No one is bulletproof

Sadly, recent research found that certain medical issues are no longer limited to the elderly, and these include strokes, diabetes and bowel cancer (+15 percent among under-55 Kiwis in the last 20 years, according to a University of Otago study).

Being young is usually about experiencing life as it flows, living for the here and now. Of course, this sense of endless opportunity and invincibility is certainly empowering. But keep in mind that, should the unexpected happen, personal Insurance could help you remove the financial stress that you and your loved ones may face.

Protecting your future will never be this cheap again

You are your most important asset, and protecting yourself from the ‘worst case scenario’ may only cost you a few dollars a week. In fact, one of the advantages of taking out Insurance when young and healthy is that premiums are at their lowest. Plus, if you choose level-premium Insurance, you might even be able to lock in that premium rate for life.

Do you have any financial commitments?

You may have debt, such as a student loan or a mortgage. And if you suddenly stopped earning an income or worse, these commitments could easily turn into an additional burden for your family or partner. Insurance is designed to prevent that – on the off-chance that something happened to you, money would be one less thing to worry about.

Depending on your personal circumstances, there are different types of cover available. From Income Protection to Life Insurance, from Mortgage Protection, to Health Insurance and Trauma Cover, each offers different benefits, on different terms and conditions. If you’re keen to find which works best for you, please don’t hesitate to get in touch.

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