<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"

	xmlns:content="http://purl.org/rss/1.0/modules/content/"

	xmlns:dc="http://purl.org/dc/elements/1.1/"

	xmlns:atom="http://www.w3.org/2005/Atom"

	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"

	
	>

<channel>

	<title>New answer on: When Should I Get A Life Insurance?</title>

	<atom:link href="https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance/feed" rel="self" type="application/rss+xml" />

	<link>https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</link>

	<description></description>

	<lastBuildDate>Thu, 08 Feb 2024 00:23:46 -0600</lastBuildDate>

	<sy:updatePeriod>hourly</sy:updatePeriod>

	<sy:updateFrequency>1</sy:updateFrequency>

	<generator>https://wordpress.org/?v=6.9.4</generator>


	<item>

		<title>By: Stan Cox II</title>

		<link>https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</link>

		<dc:creator>Stan Cox II</dc:creator>

		<pubDate>Thu, 28 May 2015 02:50:03 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</guid>


		<description><![CDATA[My advise is to get a Whole Life insurance policy as soon as possible! As Jim commented above premiums are lower the younger you are. That&#039;s true for all types of life insurance, but the real advantage to buying a policy early is when you buy a Whole Life policy from a Mutual company that pays dividends on top of the minimum interest on your cash value. The longer you let the cash value grow the more you&#039;ll have at your disposal when you want or need it to supplement your retirement income!]]></description>

		

	</item>


	<item>

		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Thu, 18 Dec 2014 15:27:33 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</guid>


		<description><![CDATA[You can get life insurance whenever you want. Chances are, if you are thinking about it, you already have a need for it. Life insurance is one of those things that it almost never helps to put it off, unless you have to due to a recent medical diagnosis. Because prices go up as you age, it will probably never be cheaper than it is today.]]></description>

		

	</item>


	<item>

		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Thu, 03 Jul 2014 16:39:34 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</guid>


		<description><![CDATA[That is a great question! Life insurance is one of those things where the younger you are when you get it, the cheaper it will be. I pay $5 a month for the policy that my Dad bought for me when I was a child. If I were to purchase the same policy today, I guarantee you I&#039;d pay a whole lot more. My practice is to advise protecting yourself and your children by purchasing a policy at as young an age as possible. Children unfortunately pass, or develop illnesses that can be devastating financial hardships, or prevent them from getting  affordable insurance later in life. I hope that helps, if you&#039;d like more detail, please drop me a line. Thanks for asking!]]></description>

		

	</item>


	<item>

		<title>By: Jason Goldenzweig</title>

		<link>https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</link>

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Sun, 30 Mar 2014 12:42:56 +0000</pubDate>

		<guid isPermaLink="false">https://insurancelibrary.com/life-insurance/when-should-i-get-a-life-insurance</guid>


		<description><![CDATA[You should get a life insurance policy when you have a need for the coverage. Many times a need arises when certain life events happen such as getting married, having a child, running a business with partners.

For personal insurance, many people get life insurance to protect their family from financial struggles in the event of their death - in these cases, the need may be your family maintaining their current lifestyle (income replacement), paying off your child&#039;s college tuition, mortgage, cars, burial expenses, or other outstanding expenses.

For business insurance, if you have business partners, you all may want to set up a buy-sell agreement to instruct what will happen to the ownership of the business in the event one of the partners dies or set up a key-man policy.

Many individuals also buy life insurance for estate planning purposes (e.g. paying off taxes for asset transference) - you can look in to creating trusts to handle how you want the life insurance proceeds to be distributed (e.g. a revocable or irrevocable life insurance trust). In these cases, you want to work with an independent life insurance agent/broker who has a strong background in estate planning - they will likely have referrals to estate planning attorneys as well.]]></description>

		

	</item>


</channel>

</rss>

