Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Because none of us come with a guarantee there will always be the possibility of final expenses. Insuring young children was quite fashionable not too very long ago. The worst thing that can happen is that the child will have coverage that cannot be taken away from them when they become adults, even if they engage in a dangerous occupation or avocation. The premiums on a whole life policy will not increase and will be a “bargain” compared to the premiums later in life.
The best time to purchase life insurance is when you are young and healthy: the monthly premium will be low, compared to getting it when you are older. Simply put, the younger and healthier, the better!
Generally, most people start with Term Life Insurance, and convert to a Whole Life or Universal Life.
Before purchasing any Life Insurance, talk to your agent; he/she can best advise you on the best approach to Life Insurance based on you current budget, anticipated needs, and where you are in your life at the time of inquiry.
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Generally, most people start with Term Life Insurance, and convert to a Whole Life or Universal Life.
Before purchasing any Life Insurance, talk to your agent; he/she can best advise you on the best approach to Life Insurance based on you current budget, anticipated needs, and where you are in your life at the time of inquiry.