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5 reasons why millennials should buy life insurance now: expert

5 reasons why millennials should buy life insurance now: expert By Kelsey Ramirez article Millennials are increasingly thinking about life insurance. Here are five reasons why they should buy life insurance now. (iStock) An increasing number of people in the United States, especially young Americans, have taken a higher interest in life insurance over the past year. About 31% of consumers say that the coronavirus pandemic has made them more likely to buy life insurance within the next year, according to the 2021 Insurance Barometer Study from nonprofit industry trade associations LIMRA and Life Happens. Millennials – or those ages 22 to 40 – were the most influenced; nearly 50% of those surveyed said they are now more likely to purchase life insurance because of COVID.

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