New answer on: Why Buy Life Insurance At A Young Age?

By: Ms. Q. Harvelle

Ms. Q. Harvelle — Thu, 30 May 2013 14:16:26 +0000

Young and healthy people pay less for insurance coverage. If you have a spouse or children, you want to make sure they are financially taken care of if something happened to you. If you don't have a spouse or children, you can use life insurance as a safer way to invest money and watch it grow over a longer period of time. The longer you wait, the more time you have lost and the more money you pay.

By: Larry Gilmore

Larry Gilmore — Thu, 30 May 2013 04:04:27 +0000

Why buy life insurance at a young age? Psst.. cause you won't always be young. Locking in your cost at a early age that doesn't increase as time goes by is a pretty good deal. Buying young allows you to use time to your advantage in both the cost and growth of your life policy.

By: David Racich

David Racich — Thu, 30 May 2013 03:41:31 +0000

When you’re young you generally in good health and the cost of insurance is very cheap. That being said, you’ll still need to justify the amount of coverage and the insurable interest between the insured and the beneficiaries of the life insurance policy. A nonsmoking male or female, age 25 and in the best health category will pay around $85 a year for ten year term life insurance.