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Doug Oosterhart, CFP®

Owner/Financial Advisor

 

LifePoint Planning, PLLC

1821 Walden Office Square, Suite 400

Schaumburg, IL 60173

 

Phone:  844-505-3618

 

Email: doug@lifepointplanning.com

Website: www.lifepointplanning.com

May/June 2025

Major Reasons Gen Z and Millennials Have Life Insurance

Major Reasons Gen Z and Millennials Have Life Insurance

Here are five reasons why Gen Z and Millennials utilize life insurance.


  • Cover burial and final expenses

  • Transfer wealth or leave an inheritance

  • Help replace lost wages/income of wage earner

  • Supplement retirement income

  • Employer provides it to me


Source: LIMRA and Life Happens, 2023


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