Terry Nelson photo

Terry Nelson, CFP®, ChFC®, CASL, LUTCF®

 

Olmsted Financial Group

3428 Lakeridge Pl. N.W., Suite 120

Rochester, MN 55901

 

Phone:  507-281-1262

Cell:      507-250-3967

Fax:      507-281-9131

 

Email: Terry@OlmstedFinancialGroup.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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