Life insurance is often the last thing on a young adult’s mind. Between student loans, career struggles, and the rising cost of living, planning for the distant future can feel overwhelming. But in an era of economic uncertainty, climate crises, and global health challenges, securing financial stability early is more critical than ever. John Hancock Life Insurance offers tailored solutions for young adults, blending affordability with innovative features like wellness rewards. Here’s why locking in coverage now could be one of the smartest moves you make.
Millennials and Gen Z face unprecedented financial pressures. The average student loan debt in the U.S. exceeds $37,000 per borrower, while housing costs have skyrocketed. Many young adults delay major financial decisions—like buying life insurance—assuming they have decades to figure it out. But waiting can be costly.
With more young professionals working freelance or in contract roles, employer-sponsored benefits like life insurance are no longer a given. John Hancock’s customizable policies fill this gap, offering portable coverage that adapts to a dynamic career path.
Age and health are the biggest factors in life insurance costs. A healthy 25-year-old pays significantly less than someone who applies at 40. By securing a policy early, you “freeze” your rate at its lowest point.
Even if you don’t have dependents, chances are someone—a parent, sibling, or partner—could be financially impacted by your passing. For example:
- Co-signed loans: If a parent co-signed your student debt or apartment lease, they’d be responsible if something happened to you.
- Funeral costs: The average funeral exceeds $7,000, a burden no family should shoulder unexpectedly.
Unlike traditional insurers, John Hancock incentivizes wellness. Their Vitality Program offers discounts and perks (like Apple Watch discounts or Amazon gift cards) for activities like:
- Regular exercise
- Annual check-ups
- Healthy sleep tracking
This turns life insurance from a passive expense into an active tool for better health.
Young adults need adaptable coverage. John Hancock offers:
- Term life: Affordable, fixed-term coverage (e.g., 20–30 years).
- Permanent life: Builds cash value over time, acting as both insurance and an investment.
Accidents and illnesses don’t discriminate. The pandemic highlighted how quickly life can change. Insurance isn’t about pessimism; it’s about preparedness.
A 20-year term policy for a healthy 25-year-old can cost less than $15/month—the price of two coffees. John Hancock’s online tools make getting a quote effortless.
Wildfires, hurricanes, and floods are increasing in frequency. Having a policy ensures loved ones aren’t left vulnerable after a tragedy.
Young adults are prioritizing mental wellness. John Hancock’s Vitality Program includes resources for stress management, aligning insurance with holistic health.
In a world of unpredictability, life insurance is a rare certainty. John Hancock’s youth-focused approach makes it accessible, affordable, and even rewarding. The best time to plant a tree was 20 years ago—the second-best time is today.
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Author: Farmers Insurance Kit
Link: https://farmersinsurancekit.github.io/blog/john-hancock-life-insurance-for-young-adults-436.htm
Source: Farmers Insurance Kit
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