(Mid-America Pension Rights Project): Here’s why you should buy life insurance when you are young


By Sharon Epperson and Jessica Dickler

When you’re just starting out, life insurance may not be your first concern. Putting it off may cost you.

Research shows that millennials, who are saddled with hefty student loan bills, have struggled to set money aside for other purchases — from life insurance to buying a home.

On average, about 7 in 10 seniors graduate with debt, owing around $30,000 per borrower.

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