--- title: Millennials and Life Insurance description: Some millennials are questioning the need for life insurance. Here are some ways that employers can promote it. image: https://blog.nisbenefits.com/hubfs/millennials%20life%20B.jpg --- ![Millennials and Life Insurance](https://blog.nisbenefits.com/hubfs/millennials%20life%20B.jpg) # Millennials and Life Insurance - Home - [Employee Benefit News for School, City and County Employers](https://blog.nisbenefits.com) - Millennials and Life Insurance [ Erin Woulfe ](https://blog.nisbenefits.com/author/erin-woulfe) 08/09/2021 [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits) [0 Comments ](https://blog.nisbenefits.com/millennials-and-life-insurance#postComment) 1 Minutes *2 minute read* Employers put substantial resources towards putting together attractive benefits packages for their employees. Life insurance has traditionally been a popular benefit because it promises financial security for loved ones. But some younger workers are questioning the need for life insurance. A recent Princeton survey found that 65% of millennials don’t have life insurance. Many millennials are entering the workforce with student loan debt and are delaying the traditional adult milestones like getting married, buying a house, and starting a family. Millennials just need to be sure of the value of life insurance before they sign up. So here are some reasons that employers can use to encourage life insurance among millennials.   #### **Cost** In general, life insurance gets more expensive as a person gets older. A younger person in good health can find an affordable life insurance policy. A senior citizen looking for the same policy would be paying substantially more. And as the oldest millennials are approaching their mid-30s, that window may be closing on the time for them to get the best rates.   #### **Financial Protection** Many millennials are buried with a large amount of student loan debt. They also may have rent/mortgage payments, other debts, and medical bills. Plus, the average funeral costs between $6,000-$10,000. Buying enough life insurance can help millennials take care of these financial issues so it doesn’t fall upon their spouse or family. #### **Dependent Protection** Although some millennials are delaying marriage and having kids, it doesn’t mean that they are delaying these events forever. Life insurance should be attractive for anyone with dependents regardless of their age. Few people have enough savings that their dependents could live off should they die unexpectedly. A relatively small life insurance policy can help employees mitigate these concerns and keep them invested in your company for years to come. [Download the bulletin](https://blog.nisbenefits.com/hubfs/Blog%20-%20supporting%20documents/bulletin-life-ins-millennials.pdf) for more details. For more information about life insurance, contact your [NIS Representative](https://www.nisbenefits.com/about/people/regional-offices/).   [![New call-to-action](https://no-cache.hubspot.com/cta/default/3325505/f56f611a-9f0b-413e-8130-fd4b6db7ad57.png)](https://cta-redirect.hubspot.com/cta/redirect/3325505/f56f611a-9f0b-413e-8130-fd4b6db7ad57) --- #### Tag: [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits) #### Share: - [Follow us on Facebook ](http://www.facebook.com/share.php?u=https://blog.nisbenefits.com/millennials-and-life-insurance) - [Follow us on Twitter ](https://twitter.com/intent/tweet?url=https://blog.nisbenefits.com/millennials-and-life-insurance&text=Millennials%20and%20Life%20Insurance) - [Follow us on Linkedin ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.nisbenefits.com/millennials-and-life-insurance) - [Follow us on Pinterest ](http://pinterest.com/pin/create/button/?url=https://blog.nisbenefits.com/millennials-and-life-insurance&text=Millennials%20and%20Life%20Insurancedescription=2%20minute%20read%20Employers%20put%20substantial%20resources%20towards%20putting%20together%20attractive%20benefits%20packages%20for%20their%20employees.%20Life%20insurance%20has%20traditionally[...]&media=https://info.nisbenefits.com/hubfs/millennials%20life%20B.jpg) --- [ #### FFCRA Leave Credits and COVID-19 Immunization of Others ##### Previous Post ](https://blog.nisbenefits.com/ffcra-leave-credits-covid-19-immunization-others) [#### New Transparency Requirements for Health Plans ##### Next Post ](https://blog.nisbenefits.com/ap-new-transparency-requirements-health-plans) ### Leave a Reply This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. ### Category - [Legislative News (1149)](https://blog.nisbenefits.com/topic/aca-other-legislative-news) - [Health Insurance Solutions (504)](https://blog.nisbenefits.com/topic/health-insurance-solutions) - [COVID-19 (209)](https://blog.nisbenefits.com/topic/covid-19) - [Ancillary Benefits (175)](https://blog.nisbenefits.com/topic/ancillary-benefits) - [Mental Health (122)](https://blog.nisbenefits.com/topic/mental-health) ### Popular Posts [ Steve Smith ](https://blog.nisbenefits.com/author/steve-smith) 02/16/2024 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions) [ Understanding Embedded vs. Nonembedded Deductibles ](https://blog.nisbenefits.com/understanding-embedded-nonembedded-deductibles) [ Erin Woulfe ](https://blog.nisbenefits.com/author/erin-woulfe) 02/09/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ IRS Releases 2027 Health Plan Cost-sharing Limits ](https://blog.nisbenefits.com/2027-health-plan-cost-sharing-limits) [ Valerie Ortiz ](https://blog.nisbenefits.com/author/valerie-ortiz) 02/17/2026 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ 4 Employee Wellness Trends You Can’t Ignore in 2026 ](https://blog.nisbenefits.com/2026-employee-wellness-trends) [ Dina Lubben ](https://blog.nisbenefits.com/author/dina-lubben) 11/14/2025 [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Legislative News](https://blog.nisbenefits.com/topic/aca-other-legislative-news) [ Trump Administration Unveils Plan to Make GLP-1 Drugs Affordable ](https://blog.nisbenefits.com/trump-administration-plan-glp1-drugs-affordable) --- ## Related Posts [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ Rick Labian ](https://blog.nisbenefits.com/author/rick-labian) 30 June, 2026 #### [5 Ways Year-Round Benefits Education Supports Employees](https://blog.nisbenefits.com/year-round-benefits-education) Open enrollment is a critical time for employees to choose health coverage and voluntary benefits,… [Read More](https://blog.nisbenefits.com/year-round-benefits-education) [ Health Insurance Solutions](https://blog.nisbenefits.com/topic/health-insurance-solutions), [ Ancillary Benefits](https://blog.nisbenefits.com/topic/ancillary-benefits), [ The Administrator's Corner](https://blog.nisbenefits.com/topic/the-administrators-corner) [ Jo Barton ](https://blog.nisbenefits.com/author/jo-barton) 26 May, 2026 #### [5 Smart Ways to Use Your Benefits This Spring](https://blog.nisbenefits.com/5-smart-ways-use-benefits-this-spring) Spring is the perfect time to review your health and benefits. 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