Fidelity Life: Do Young and Single People Need Life Insurance

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CHICAGO - November 1, 2022 - (Newswire.com)

Many think of life insurance as a product for those closing in on retirement, or with significant assets and families to protect if they pass away unexpectedly. However, young, and single people can also benefit from life insurance. It can help them build wealth and protect assets if they pass away. Plus, it tends to come with cheaper premiums and easier approvals for younger policyholders. 

LIMRA's 2022 Insurance Barometer Study showed that the need for life insurance is high among Gen Z and millennials, with 48% and 47% experiencing a present-day need, respectively. With that in mind, this article will dive into a few reasons young and single people should start looking for life insurance quotes now.

Why young and single people should get life insurance

Here are a few reasons young and single people should consider adding a life insurance policy to their financial plans:

1. They have debt

When someone passes away, their debt goes into their estate. That can leave heirs with more debts to pay off on less income. Getting a life insurance policy provides beneficiaries with funds to pay off the debt, helping them remain financially stable.

2. They can grow their wealth

Permanent life insurance policies — which cover the policyholder for life — come with a cash value growth component. Part of each premium goes into this component, which grows tax-deferred at a specific rate based on the permanent policy type.

Policyholders can withdraw or borrow against their cash value when it's large enough, making it a potential source of wealth. They can also receive the full amount if they withdraw the cash value minus surrender charges. Young people have more time to take advantage of compounding, allowing them to maximize the potential size of their cash values.

3. They can save on premiums while young

Age is one of the primary factors in calculating a policyholder's life insurance premiums. As a result, older policyholders tend to pay more than younger policyholders. However, people who get a life insurance policy at a younger age can lock in lower rates to save money on premiums. This is especially valuable for permanent life insurance policies, given their lifelong coverage.

It's also helpful for policyholders planning to start a family in the future. Premiums will go up if a policyholder increases their death benefit, but they could still be lower than waiting until they have a family.

The bottom line

Younger people may think life insurance is something to consider later in life. But in reality, many young and single individuals could benefit from life insurance. Premiums are more affordable when young, which is great if the policyholder plans to have a family. Plus, they can ensure their debts are handled if they pass away. Additionally, getting a permanent life insurance policy while young maximizes the potential to build cash value. Policyholders should ultimately evaluate their financial circumstances and goals when deciding whether life insurance is right for them and consult with a licensed insurance agent to determine which policy type to get. 


Contact Information:
Laura Zimmerman
Chief Marketing Officer
laura.zimmerman@fidelitylife.com
(312) 288-0068


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Original Source: Fidelity Life: Do Young and Single People Need Life Insurance Fidelity Life: Do Young and Single People Need Life Insurance

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Vision Video’s streaming platform RedeemTV is set to unveil the highly anticipated documentary The Shroud Face to Face on March 28, 2024.

The Shroud Face to Face, produced by The Nexus Institute and The Shroud LLC, is a captivating documentary that unravels the enigma of the Shroud of Turin. With cutting-edge technology and expert insights, the film provides a face-to-face encounter with this iconic relic, inviting audiences to delve into its history, authenticity, and the profound questions it raises.

This visually stunning film, based on the book The Shroud Face to Face by acclaimed author and filmmaker Robert Orlando, offers an immersive exploration of the centuries-old mystery surrounding the Shroud of Turin and has been endorsed with high praise.

"This is a compelling and convincing account of the single most fascinating relic in the Christian world. This is for anyone seeking to understand the significance and history of the Shroud of Turin.” — Bishop Robert Barron, founder of Word on Fire

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Watch Trailer: https://watch.redeemtv.com/trailer/the-shroud-trailer

RedeemTV is a FREE, donor-supported, Christian streaming platform with over 250,000 subscribers. Streaming more than 5,000 videos, it provides family-friendly content while continuing to spread the message of Jesus.

Vision Video is a leading DVD and film distributor, committed to bringing impactful and compelling stories to audiences worldwide. With a focus on cinematic excellence, Vision Video partners with filmmakers to showcase thought-provoking narratives that inspire and captivate.

The Nexus Media focuses on TV, motion pictures, books, and screenplays, along with award- winning documentaries and shorts. Our team has years of experience in media storytelling and developing well-crafted engaging content. We invite you to view some of our past projects, The Divine Plan and Silence Patton, and participate in our new initiatives.

Stream FREE on RedeemTV: https://redeemtv.com.

Find us on Facebook at https://www.facebook.com/RedeemTV.

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Contact Information:
Danielle Tumminelli
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484-750-2485


Original Source: RedeemTV Announces New Documentary: 'The Shroud Face to Face'

Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan

Scholars is celebrating the Grand Opening of its second tutoring location in the Greater New Orleans area Thursday, March 28th. This Thursday's event features NFL superstar Defensive End Cam Jordan of the New Orleans Saints. Cam, the Saints all-time sack leader and 8x pro-bowler, will be available to meet and inspire the students and families of the Mandeville community.

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Scholars is an award-winning franchise tutoring system, providing broad academic support to students K-12 in all subjects.

This Thursday, March 28th, Scholars will celebrate the grand opening of its new location in Mandeville, Louisiana. The event begins at 11:30 a.m. and will take place at 1901 U.S. Hwy 190, STE 27, Mandeville, La.

Scholars is proud to be cutting the ribbon of its second location in New Orleans. This week’s event will also feature some NFL star power as Cam Jordan of the New Orleans Saints will be making an appearance. Renowned throughout the NFL for his ferocious and creative pass-rushing, Cam, the Saints all-time sack leader and 8x pro-bowler, is both a student of the game of football and a big believer in the importance of education off the field. Cam will meet and inspire the students and families of the community alongside Scholars CEO Matt Baxter and other special guests. 

The event is free to attend and will feature giveaways, food from local vendors, face painting, pictures, games, and other surprises.

Scholars of Mandeville owner Ryan Fitzsimmons is excited to give back to his community and to provide students in the area with world-class tutoring. “I’m always willing and able to help kids,” Fitzsimmons said. “I’m a huge believer in Scholars because I’ve seen it work. It’s really amazing and I’m excited to be a part of it.” 

Scholars' first Louisiana location was opened in 2021 by another NFL star, 5x Pro Bowl Offensive Tackle Terron Armstead. Scholars of New Orleans has brought the joy of success in school to hundreds of students over the past three years and provides the template which Ryan Fitzsimmons seeks to follow.

Scholars, which is celebrating its 25th anniversary in 2024, has over 80 locations across North America. It uses its world-class curriculum and programming coupled with qualified, caring teachers to provide exceptional tutoring services for students of all ages. It has won the Canadian Franchise Association’s Franchisees’ Choice Award for nine consecutive years, while also boasting the Franchisee of the Year Award in 2023. The first location in the United States was opened in Brookhaven, Georgia, by Baltimore Ravens great Jamal Lewis, and the company also includes local New Orleans legend & former Saints superstar Mark Ingram. 

Scholars Education                                                         

400 Applewood Cres, Suite 100

Toronto ON, L4K 0C3

1-866-777-2131

info@scholarscanada.com

Contact Information:
Peter Dyakowski
Scholars Education
peter@scholarsed.com
1-888-901-7323
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Original Source: Scholars of Mandeville Grand Opening to Feature New Orleans Saints Superstar Cam Jordan
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