Starting out can often be hard: entering the workforce, getting married, buying a home, having a child. These are all first steps that can be as nerve-wracking as they are exciting. But it’s important not to forget a critical step during this time—putting a strong financial foundation in place with proper life insurance planning. Neglecting that step can have devastating consequences.
Rajeev Kumar, Sales Manager, knows this too well. He was just 7 when his mother died with no life insurance. His father struggled not only with his grief, but with keeping finances, work, home and kids in balance. “I was handed a life lesson early,” says Rajeev. “It wasn’t the easiest life—my dad sacrificed a lot.
It’s a lesson that Rajeev is now passing on to his children. His daughter, Priya, just graduated from college and is transitioning to the work world. “It’s important that she grasp the whole picture, including the financial responsibilities that are hers now,” Rajeev says. “She needs to understand that life isn’t just about tomorrow, but about the years to come when she’s a mother herself. And life insurance is an important part of that.”
Plus, youth and good health are on Priya’side. Life insurance at this stage is very affordable—much more affordable than most people think. I’m glad Priya has embraced these new responsibilities,” says Rajeev, “and I’d encourage those just starting down the path of a career, marriage and family to take the time to look into getting life insurance coverage, so they have that important financial foundation in place.”