Founder, Abrams Insurance Solutions, Inc., San Diego, CA
The best age to buy life insurance is as young as possible and as soon as you need it. Life insurance premiums are based on health and age, so the younger you are, the lower the premium will be. Buying at a younger age also guarantees your insurability. If you encounter a serious medical condition, you won't have to worry about qualifying for life insurance if you already have it.
The best age to buy life insurance is the age that you need it.
Did you get just married or have a child? Your family will most likely need to have some sort of financial protection if your life would tragically be cut short.
Did you buy a house? Life insurance could pay off your mortgage if you passed.
Do you need some funds to be easily accessible to your family to pay for your funeral? You can buy life insurance for that, even if you are over 70 years old.
Prices are lower while you are younger, but not enough people recognize their need for life insurance until they are older. The good news is, there are policies available at almost any age. So rather than think your best time has passed, go ahead and purchase life insurance if you need it. When you need it, now is the best time.
.JPG){kind=avatar}
Did you get just married or have a child? Your family will most likely need to have some sort of financial protection if your life would tragically be cut short.
Did you buy a house? Life insurance could pay off your mortgage if you passed.
Do you need some funds to be easily accessible to your family to pay for your funeral? You can buy life insurance for that, even if you are over 70 years old.
Prices are lower while you are younger, but not enough people recognize their need for life insurance until they are older. The good news is, there are policies available at almost any age. So rather than think your best time has passed, go ahead and purchase life insurance if you need it. When you need it, now is the best time.