Gen-Z’ers and Millennials have now reached an age where financial stressors are at the forefront of life. But they’re less likely than older generations to have coverage and more likely to live with a life insurance coverage gap.

Life insurance through the Alumni Benefits Program is designed for alumni of all ages, including those just starting out. Here’s why:

1. You can conveniently purchase coverage online. Most people —70% across all generations—prefer to purchase coverage online. You can apply online for term life insurance through this program. And if you’re interested in other types of insurance, like whole life, our advisors can help you secure the coverage you need.
2. We’re here to answer your questions. A quarter of Gen Z adults and Millennials say not knowing how much or what kind of life insurance to buy stops them from getting coverage. Our knowledgeable customer service team is here to walk you through the features and benefits of group coverage through this program.
3. Coverage is probably more within your budget than you may think. Across generations, cost is cited as the top reason for not getting life insurance. But only a quarter of people correctly estimated the true cost of a $250,000 policy for a healthy 30-year old, which is about $200 a year.³
4. With QuickDecision^SM, if you’re under age 50, you can receive a decision within one day on applications up to $500,000, with typically no medical exam.⁴ Just answer health questions.
5. You can get more insurance later. Some life insurance is better than none. While life insurance is designed to last for years, it’s not set in stone. You can always apply for more coverage. It is quite common to add coverage as your income and responsibilities continue to grow.

Learn more about life insurance.

¹ 2025 Insurance Barometer Study, Life Happens and LIMRA.
² Milestones like marriage and parenthood are so delayed for millennials and Gen Z many of them are skipping out on life insurance, report finds. Fortune. fortune.com/2025/09/15/milestones-like-marriage-and-parenthood-are-so-delayed-for-millennials-and-gen-z-many-of-them-are-skipping-out-on-life-insurance-report-finds, September 15, 2025.
³ 2025 Insurance Barometer Study.
⁴ QuickDecision is for applicants under age 50 not in AK, MT, NY, UT and VA, but other underwriting options are available.
⁵ Including information about features, costs, eligibility, limitations, renewability, and exclusions.

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