Labeling generations is useful because it helps us track the patterns, changes, and experiences of different groups of people as they age within society. Today’s Western world has four primary generations: Boomers, Generation X, Millennials, and Generation Z.
A life insurance policy is an agreement between you and an insurance company; you pay a monthly premium; in exchange, the insurance company pays out a lump sum of money upon the insured’s death. Life insurance can largely benefit people from every age group. An insurance agent can help you find the best fit for someone depending on their needs and goals.