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Should I Get Life Insurance In My 20s? | Financial Planning Process | Dr Sanjay Tolani

Should I Get Life Insurance In My 20s? | Financial Planning Process | Dr Sanjay Tolani 👉 Are you part of The Sanjay Mentoring? Join here :

🤔 Why do Millennials need to buy insurance? Well truthfully, they don't!

You see, the only two things that millennials need to have is:

✅ Number one is make sure that their INCOME is PROTECTED. Because as soon as they start building an INCOME STREAM that income SHOULD be PROTECTED.
✅ And the next MOST important thing that they should have is make sure that they have A DECENT RETIREMENT PLAN. They should be SAVING money for RETIREMENT AS SOON AS they get their FIRST paycheck.

And the reason for that is MOST Millennials like to RETIRE EARLY or at least have what we call a HYBRID RETIREMENT, which means WHENEVER they feel like TAKING OFF, they should BE ABLE to TAKE OFF work. If they want to do that, they need to be able to SAVE money into a decent RETIREMENT PLAN which ALLOWS them to take withdrawals WHENEVER they feel like taking a vacation.

That is the only thing Millennials need. Other than that they don't need insurance, UNLESS they are very OLD DEPENDENT PARENTS or someone who is DEPENDENT ON that INCOME. They don't need insurance! Have a DECENT INCOME PROTECTION PLAN, have a DECENT Retirement Plan and your very month SORTED.

So do Millennials need insurance? They don’t need insurance! Speak to a Financial Adviser if you want to know more!

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🎖 Who is Dr Sanjay Tolani? 🎖
Dr. Sanjay Tolani, became the “youngest member” at the age of 19 and the “youngest life member” at the Age of 28 to the Million Dollar Round Table (MDRT). He also has 13 Top of the Table Qualifications (TOT), which is considered the pinnacle of the financial services profession. To top things off, he is also the youngest Managing Director of an insurance brokerage in the Middle East.

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