PEORIA, AZ, UNITED STATES, May 21, 2021 /EINPresswire.com/ – Financial advisor Darcy Bergen draws on a wealth of experience. For more than two decades, he has advised clients from all walks of life as a financial planner. He founded Bergen Financial Group in 2003. Midland National’s Annuities Division has repeatedly recognized him as one of the Top 20 Sales Consultants. In 2015, Darcy Bergen became a trustee, which requires a Series 65 license. Darcy Bergen felt that people in their 20s and 30s should consider purchasing life insurance. It’s good to know that you and your loved ones are covered if the unspeakable happens.

Life insurance is an obvious choice for those with children. But Darcy Bergen says that even if you are childless, you might have dependents. It could be a spouse or a long-term significant other. Sometimes a person’s parents can be considered dependents if they are not in good financial health. If you were to die suddenly, could these people live comfortably? A strong life insurance policy could cover lost income.

Life insurance companies do a lot of testing and know that young people are less risky. A person in their twenties or thirties has a good chance of getting an affordable policy. Darcy Bergen points out that this is especially true if you don’t smoke or have no pre-existing conditions.

Darcy Bergen draws attention to the fact that many young people are heavily in debt. This is especially true for those who attended college. If your parents co-signed your student loans, they are still on the spot if you are deceased. This goes for other types of debt, such as credit cards and car loans. Some people even have personal loans that their parents may be forced to repay. Darcy Bergen comments that a strong life insurance policy can cover it all

Funerals are expensive and can easily cost five figures. Your family will likely have to cover the costs. Darcy Bergen says even a very small life insurance policy can cover the amount.

Sometimes you may want to supplement your employer’s life insurance. Darcy Bergen points out that some generous employers offer life insurance to employees. However, they might not be enough to cover everything. Contact human resources and see what’s included.

Darcy Bergen is a financial advisor who has seen many scenarios. He says people in their 20s and 30s should consider life insurance. You want to know that you and your loved ones are covered if the unspeakable happens.

Investment advisory and financial planning services offered by Simplicity Wealth, LLC, a registered investment advisor. Sub-advisory services are provided by Advisory Alpha, LLC, a registered investment adviser. Insurance, advisory and education services offered through Bergen Financial Group. Bergen Financial Group is a separate and unaffiliated entity of Simplicity Wealth and Advisory Alpha.

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