If you understand what it means to be a Gen Xer, then you would know that this generation, aside from occupying a high global workforce, embracing tech, and re-inventing history through their experiences, seems to have a massive array of responsibilities on them.
The Gen X group born between the 60s and the 80s are tagged as ambition-driven because they seek the best knowledge on surviving the countless expectations laced on them. The responsibilities are a clear indication of a requirement far more relevant than meeting societal expectations; LIFE INSURANCE.
Gen Xers are faced with a lot to deal with; personal responsibilities, family planning, and extensional assistance. As a Gen Xer, you become a person with high targets to meet because you have bills to pay, family to feed, older parents to support, and so much more. Plus, you are expected to stay alive and healthy, which is most unlikely given that you exist in an evolving society.
An insurance policy for a Gen Xer is mandatory because it cushions the effects of debts and an overload of financial responsibilities. This is the best way to go and Andrea Woroch, a family finance expert says “Life insurance can ensure these debts are resolved in the event of your unexpected passing, so they don’t become your loved one’s debt to deal with.”
Unfortunately, more than 60% of Gen Xers spend half their time hustling and acclimatizing to their generational expectations while ignoring the importance of an insurance policy. UBS Investor Watch study shows that Gen Xers generally fail to carry sufficient ‘personal liability insurance coverage,’ and so they retain more personal risks than any other generational cohort.
They need to be reminded that life is uncertain, but life insurance gives certainty to;
- Payment of your bills and debts like mortgages and loans;
- Payment of education for your children;
- And financial support to older parents.
Gen Xers must be intentional about their investments and insurances. They need to look for the best possible insurance offer that covers unforeseen and provides options that can ensure a safety net for the recipients.