--- title: "Empire Life Blog The stages of life insurance: Part I" description: Most millennials think they don’t need life insurance. Find out how you can prepare for the unexpected at each stage of your life. image: https://blog.empirelife.ca/hubfs/Stages%20of%20Life%20Insurance%20Infographic/Millennials-Teaser-EN.png --- × #### Subscribe ### Subscribe to Email Updates Signing up for our Blog offers you the opportunity to subscribe and receive email notifications for Investment or Insurance type content only from The Empire Life Insurance Company and Empire Life Investments Inc. You may cancel your subscription to the newsletter at any time by clicking on [unsubscribe](http://www.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) or, by contacting The Empire Life Insurance Company or, Empire Life Investments Inc. **The Empire Life Insurance Company** 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll Free: 1 800 561-1268 Email: insurance@empire.ca or investment@empire.ca **Empire Life Investments Inc.** c/o 259 King Street East, Kingston, Ontario K7L 3A8, Canada Toll-free telephone: 1 855 823-6883 Email: mutualfund@empire.ca Close [Facebook](https://www.facebook.com/Empire-Life-Insurance-142465432433812/) [Linkedin](https://www.linkedin.com/company/empire-life-investments) [Twitter](https://twitter.com/empirelifeins) Subscribe [EN](https://www.empire.ca/blog) | [FR](https://empire.ca/fr/blogue) [![Empire Life | Empire Life Investments](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/combined-logo.png)](https://www.empire.ca/blog) # Insurance, Investments and Group Benefits ## Navigate life with confidenceTM - Insurance - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Helpful Tips](https://www.empire.ca/blog/topic/helpful-tips) - [Customer Service](https://www.empire.ca/blog/topic/customer-service) - Investments - [Investments](https://www.empire.ca/blog/topic/investments) - [Investment Views](https://www.empire.ca/blog/topic/investment-views) - [Off the Cuff](https://www.empire.ca/blog/topic/off-the-cuff) - [Group Benefits(1)](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance (1)](https://www.empire.ca/blog/topic/personal-finance) ## [The stages of life insurance: Part I](https://blog.empirelife.ca/blog/the-stages-of-life-insurance-part-i) [Helpful Tips](https://blog.empirelife.ca/blog/topic/helpful-tips), [Insurance](https://blog.empirelife.ca/blog/topic/insurance) Posted by [Empire Life](https://blog.empirelife.ca/blog/author/empire-life) Feb 16, 2017 12:05:53 PM Most millennials think they don’t need life insurance. But did you know that nearly 3 out of 5 millennials say that if they suddenly passed away they would be concerned about the financial wellbeing of their loved ones? For many in this age range, life insurance never crosses their minds until a life changing event like marriage or having kids takes place. However, you should still consider getting life insurance to help protect your loved ones in case something happens to you. Do you want your loved ones to be burdened with the cost of your funeral? Is your group benefit coverage from your employer enough? Individual life insurance can help you prepare for the unexpected. **This is the first of a three part series that takes you through the stages of life and how you can prepare for the unexpected at each stage. Part of life and all of its twists and turns includes ensuring that you plan smart to protect your loved ones.**   ![The unexpected happens everyday, even for the young and healthy banner](https://blog.empirelife.ca/hs-fs/hubfs/Stages%20of%20Life%20Insurance%20Infographic/1_MillennialsInfographic-EN-2017-01.png?width=668&name=1_MillennialsInfographic-EN-2017-01.png "The unexpected happens everyday, even for the young and healthy banner")![Millennial Life Insurance Statistic 1](https://blog.empirelife.ca/hs-fs/hubfs/Stages%20of%20Life%20Insurance%20Infographic/2_MillennialsInfographic-EN-2017-01.png?width=668&name=2_MillennialsInfographic-EN-2017-01.png "Millennial Life Insurance Statistic 1")![Millennial Life Insurance Statistic 2](https://blog.empirelife.ca/hs-fs/hubfs/Stages%20of%20Life%20Insurance%20Infographic/3_MillennialsInfographic-EN-2017-01.png?width=668&name=3_MillennialsInfographic-EN-2017-01.png "Millennial Life Insurance Statistic 2")[![Millennial Life Insurance Statistic 3](https://blog.empirelife.ca/hs-fs/hubfs/Stages%20of%20Life%20Insurance%20Infographic/4_MillennialsInfographic-EN-2017-01.png?width=668&name=4_MillennialsInfographic-EN-2017-01.png "Millennial Life Insurance Statistic 3")](https://www.empirelife.ca/about-life-insurance)[![Button to Connect with an Advisor](https://blog.empirelife.ca/hs-fs/hubfs/Stages%20of%20Life%20Insurance%20Infographic/5_MillennialsInfographic-EN-2017-01.png?width=668&name=5_MillennialsInfographic-EN-2017-01.png "Button to Connect with an Advisor")](https://www.empirelife.ca/find-an-advisor)   Check out our other infographics in The Stages of Life Insurance series: [Part 2: For Committed and Growing Commitments](https://blog.empirelife.ca/the-stages-of-life-insurance-part-ii) [Part 3: For your Golden Years](https://blog.empirelife.ca/the-stages-of-life-insurance-part-iii-1) [1](http://www.benefitscanada.com/news/canadians-worried-about-family-finances-after-death-69958) benefitscanada.com. Canadians worried about family finances after death. 2015. [2](http://www.cancer.ca/en/cancer-information/cancer-101/canadian-cancer-statistics-publication/?region=on)Canadian Cancer Statistics 2016. Canadian Cancer Society. 3 Individual Life Insurance amount is based on rates for a healthy 30-year-old-female, non-smoker, purchasing $250,000 of Empire Life Solution 20 Term Life Insurance as of January 2017. Bank Mortgage Insurance amount is based on the average of available rates for RBC, Scotiabank, TD Canada Trust, BMO and CIBC for life insurance purchased by the same individual incidental to a $250,000 mortgage as of January 2017. 4 41% savings/month is for the first 20 years and assumes no changes are made to the mortgage or either type of insurance. 5 Funeral Service Association of Canada (FSAC). 2013.       ![Get a quote and apply for life insurance](https://blog.empirelife.ca/hubfs/Logo/Combined%20Blog%20Images/GetAQuote-BlogButton-couple-EN.jpg) [BUY NOW](https://www.empire.ca/insurance/buy-life-insurance) ![Retirement Savings Tool](https://blog.empirelife.ca/hubfs/Blog_images/RST-Blog-EN.jpg) [Get Started](https://www.empire.ca/retirement-and-savings-tool) ### POPULAR POSTS ### CATEGORIES - [Insurance](https://www.empire.ca/blog/topic/insurance) - [Investments](https://www.empire.ca/blog/topic/investments) - [Group Benefits](https://www.empire.ca/blog/topic/group-benefits) - [Personal Finance](https://www.empire.ca/blog/topic/personal-finance) [Disclaimer](https://info.fastandfull.ca/disclaimer) [Legal](https://info.fastandfull.ca/legal) [Privacy Policy](https://info.fastandfull.ca/privacy-policy) [Accessibility](https://info.fastandfull.ca/accessibility) [Consumer Information](https://info.fastandfull.ca/consumer-information) [Contact Us](https://info.fastandfull.ca/contact) [Third-Party Tools and Sites](https://info.fastandfull.ca/third-party) [Confidentiality](https://info.fastandfull.ca/confidentiality) [Unsubscribe](https://info.fastandfull.ca/hs/manage-preferences/unsubscribe-simple) **CONTACT US** The Empire Life Insurance Company 259 King St. E. 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