When Should Someone Purchase Life Insurance?

  1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    Life insurance is a protection product for the beneficiaries in your life that would suffer economic harm at your demise such as family members, business partners or charities that depend on your contributions. If you have ongonmg financial liabilities, future obligations or charitable intent, you should have life insurance.
    Answered on August 18, 2013
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    The time to purchase life insurance is when there is a need for it, and when you can qualify for it. For most people, this begins when they are young adults, getting married, starting families, paying off school loans, buying houses, starting businesses. Of course, any time there is a need for life insurance is a good time to get it.
    Answered on September 2, 2013
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