What Is a Guaranteed Insurability Option and Why Do You Need One?
When you’re young, life insurance is probably the last thing you think you need. Life insurance isn’t (and never has been) an easy topic to talk about. Let’s face it – no one wants to think about death. Or we think about it too late, when insurance may not be attainable (and definitely less affordable).
That’s why it’s important to get life insurance when you’re young. You’re most likely healthier, so a life policy is more affordable. (Learn more in this list of 6 reasons millennials should consider life insurance.)
It’s also the perfect time to add a Guaranteed Insurability Option (GIO) rider.
I recently talked about life insurance with my ERIE life insurance agent, Tony Cusati of Sitter Insurance Agency in Erie, Pennsylvania, after buying a starter home and getting married.