When Should I Get Term Life Insurance?

1. 

   1313 POINTS

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   Lenny Robbins

   Principal, LifeNet Insurance Solutions, Redmond, WA

   The best time to get coverage is obviously the day before we die! Now, since most of us don't know when that is or will be, the best decision you can make is to get coverage if you have responsibilities to others. Whether it be for a loan repayment or college education and money for a spouse, make sure this is something you do NOT put off.

   Answered on August 9, 2014

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2. 

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   Drew Ward

   Owner, LifeInsuranceForBusinesses.com, Atlanta, Georgia

   This really depends on your specific situation. However, term insurance cost the least amount when you are young and healthy. Another factor to consider is that generally, the older you get, the more health problems you accumulate. Many clients have health concerns that will not allow them to purchase insurance. Unfortunately, when many clients encounter health issues in their lives it causes them to consider purchasing life insurance. Depending on their specific health situation, they might get coverage but usually at a higher rating.

   Answered on August 20, 2014

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