The Bulletin | Millennials + SOLO Loan

Submitted by Krishan on September 7, 2018 - 10:13am

MILLENNIALS + SOLO LOAN

MILLENNIALS come in many titles: Generation Y, Generation WE and the Boomerang Generation. Millennials continue to be the hardest target market due to social media and spending habits that never been seen before. Many companies struggle with reach, quality and most of all understanding the millennial need.

According to LIMRA*:

Millennials are going to school longer and more in debt
54% of millennials rent
25% of millennials advised they are paying down debt
21% of millennials advised they are saving for a home
55% of millennials do not have life insurance

Millennials are more in debt, spend frugally then previous generations and severely under-insured. SOLO Loan is the perfect product to cover the gap in insurance coverage for the Millennial Market. Here are some great SOLO Loan features!

Covers: mortgages, lines of credit, car loan or long term lease, credit cards, student loans and more!

NEW COVERAGE: We now cover rent as a primary residence and corporate loans!

Exchange Privilege: Your millennial client can exchange their SOLO Loan for SOLO Disability Income during the first 7 years

Built-in Death Benefit: Your millennial client can recieve 5x the selected monthly insurance amount (if the client passes while receiving monthly disability amounts)

Hospitalization or Surgery: Your millennial client can receive monthly amounts as of the first day of hospitalization or surgery.

Layer SOLO Loan Coverage: You can customize coverage to specific loans or debt

Advance Medical: Complimentary assistance service for the millennial client and their young family providing access to doctors and world-renown specialists

For more information on SOLO Loan, click on the link below.

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