Don’t think you need life insurance? If you have a family or if you plan to start a family, you should consider the benefits of purchasing life insurance now. You’ll save money on your policy and you’ll gain immediate protection.
Life insurance premiums are lower when you are young and healthy, and the cost will never increase for as long as you own the policy – so purchasing now may actually be cheaper than waiting until later to do so. On the contrary, as you age, your health could change and prevent you from finding an affordable coverage option or even an insurance policy.
So ask yourself: Is waiting until later to buy life insurance coverage worth the risk?
Even if you never plan to start a family, you should still consider life insurance because the payout could be used by your loved ones to cover your final expenses.
If your income already enables you to support a spouse or child, you should consult a licensed expert to evaluate your needs and best options.
There are many options when it comes to purchasing life insurance, but the options need not be confusing – Term Life and Whole Life are the most common kinds. Discussing your needs with a licensed insurance expert will give you confidence that you are making the best decision for your family and loved ones.
Want to learn more? Check out our guide to understanding life insurance. This interactive guide can help you decide how much coverage you will need, how much coverage you can afford, how to choose the best kind of policy for you and your family, and other considerations.