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Life insurance is an important tool to secure your financial future while also protecting your loved ones.

Having life cover means your family doesn't have to worry about your outstanding debts, should you die, become disabled or unable to work.

Read: 3 tips to avoid losing out on life insurance

Life cover isn't usually a big priority for most young adults, but insurance guru Petrie Marx explains why it should be.

Marx, a product development actuary at Sanlam Personal Finance, says life insurance isn't only for adults with dependents.

He advises that life insurance guarantees that you are covered if the event of a unforeseen situation.

Younger people also pay lower premiums, Marx adds.

The purpose of life insurance is to protect your financial futures and protect the income of a breadwinner should something unforeseen happen.

Petrie Marx, Product Actuary at Sanlam Personal Finance

Life does happen.

Petrie Marx, Product Actuary at Sanlam Personal Finance

Settling your outstanding debts is another main purpose of why you need life insurance - that spans across all ages.

Petrie Marx, Product Actuary at Sanlam Personal Finance

The debt doesn't just disappear [when you die].

Petrie Marx, Product Actuary at Sanlam Personal Finance

It's such an affordable purchase in your twenties... less than half of what it would be in your thirties and forties.

Petrie Marx, Product Actuary at Sanlam Personal Finance

Marx explains the benefits of life cover young people and how it works.

Take a listen to the expert advice:

This article first appeared on CapeTalk : Why you should consider buying life insurance in your twenties

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