Why Get Life Insurance At A Young Age?

1. 

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   Ted Ratliff

   Owner, SFS Associates,

   The younger you are, the less expensive it will be.  I like to commend a policy to cover final expenses, at least.  The last thing a grieving parent needs is to figure out how to come up with money to pay for a funeral.  Losing a child is one of the worst things that could ever happen to someone.  Also, the cash value in the policy can help start a nice savings at the same time.

   Answered on April 30, 2013

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2. 

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   Tim Wilhoit

   Owner, Your Friend 4 Life, Brentwood TN

   When purchasing life insurance the younger and healthier a person is, the more affordable the premiums can be. First, before purchasing life insurance you must determine is there an insurable need? Meaning who would suffer financially at your death? Could be a loved one that would have to pay for expensive funeral expenses. Could be a loved one that depends re your income. Could be someone that would incur your debt upon your death. There are literally hundreds of reasons to purchase insurance and the younger you make that purchase the cheaper you will find your premiums to be. However, don't just purchase life insurance just because it is cheap, be sure you have a reason.

   Answered on December 18, 2015

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