You may think that if you’re single, you don’t need life insurance. But do you have aging parents who may need to rely on you someday for financial support? How about major co-signed debt? Have you thought about setting something aside for your own future?
Click on the considerations below to learn how you can protect your loved ones with life insurance and fixed annuities.
Any major co-signed debt.
Securing your future while saving for retirement.
Outliving your savings.
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Gleaner Life Value Term
If a parent or other family member has co-signed with you on a loan, they will be responsible for paying the remaining debt if you should die unexpectedly. Life insurance can cover this debt and keep your co-signer from having to default on a loan after you are gone.
Since co-signed debt is usually temporary, temporary life insurance coverage can protect it. Term life insurance is generally also the most economical type of life insurance. Gleaner Life Term Solutions offer coverage in increments of 15, 20, 25 and 30 years. One of these term solutions, Value Term, is a great option for single adults, pairing simplicity with affordability.
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Gleaner Life Term Solutions Plus
Gleaner Life Term Solutions can be tailored to your unique needs, both personal and professional. Available in 15-, 20-, 25- or 30-year periods, Gleaner Life Term Solutions offer the flexibility to meet your needs while guaranteeing protection you can rely on.
Flexible Premium Annuities
Flexible premium annuities allow you to contribute funds over time, slowly building income for retirement.
Strategic Choice Indexed Universal Life®
Life is unpredictable, but that doesn’t mean you can’t afford to carry the type of life insurance that best suits you and your loved ones. Through Strategic Choice IUL®, Gleaner's indexed universal life insurance option, you’ll find a balanced and flexible solution that provides permanent life insurance coverage while building cash value. With flexible premiums, you can even use your certificate’s cash value to pay for your life insurance once a cash value is built up, adjusting your plan as challenges come your way.
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Strategic Choice IUL®
According to a 2023 study by LIMRA and Life Happens, the perceived cost is cited as the top barrier to purchasing life insurance. However, 72 percent of all respondents overestimated the true cost of a basic term life insurance policy.
You might be concerned about the affordability of life insurance, too. But what if you could build your career and build assets all at once, just by paying affordable life insurance premiums?
As a single individual, you’re probably at the start of your career as well as the beginning stages of financial planning. Universal life insurance provides reliable, affordable coverage with flexible premiums. That means you have the freedom to pay more now and less when you might need to, making it a great solution for young people with limited resources. With Strategic Choice IUL®, Gleaner’s indexed universal life product, you have some breathing room for unexpected changes, like a big move, a home purchase or a new job.
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Gleaner Life Term Solutions Plus
Gleaner Life Term Solutions can be tailored to your unique needs, both personal and professional. Available in 15-, 20-, 25- or 30-year periods, Gleaner Life Term Solutions offer the flexibility to meet your needs while guaranteeing protection you can rely on.
Flexible Premium Annuities
Flexible premium annuities allow you to contribute funds over time, slowly building income for retirement.
Strategic Choice Indexed Universal Life®
Life is unpredictable, but that doesn’t mean you can’t afford to carry the type of life insurance that best suits you and your loved ones. Through Strategic Choice IUL®, Gleaner's indexed universal life insurance option, you’ll find a balanced and flexible solution that provides permanent life insurance coverage while building cash value. With flexible premiums, you can even use your certificate’s cash value to pay for your life insurance once a cash value is built up, adjusting your plan as challenges come your way.
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Foundation 9
While single adults often don’t feel that they have a need for life insurance, everyone, whether single or married, runs the risk of outliving their savings. The good news is that single adults are often well positioned to save for retirement.
Fixed annuities grow at a guaranteed rate of return and can provide a steady stream of retirement income. Gleaner’s Foundation 9 annuity features a minimum guaranteed interest rate of 1% and can be opened for as little as $1,000.
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Gleaner Life Term Solutions Plus
Gleaner Life Term Solutions can be tailored to your unique needs, both personal and professional. Available in 15-, 20-, 25- or 30-year periods, Gleaner Life Term Solutions offer the flexibility to meet your needs while guaranteeing protection you can rely on.
Flexible Premium Annuities
Flexible premium annuities allow you to contribute funds over time, slowly building income for retirement.
Strategic Choice Indexed Universal Life®
Life is unpredictable, but that doesn’t mean you can’t afford to carry the type of life insurance that best suits you and your loved ones. Through Strategic Choice IUL®, Gleaner's indexed universal life insurance option, you’ll find a balanced and flexible solution that provides permanent life insurance coverage while building cash value. With flexible premiums, you can even use your certificate’s cash value to pay for your life insurance once a cash value is built up, adjusting your plan as challenges come your way.
