When to buy life insurance?

When it comes to buying life insurance, there is no “right” age. The right time depends on every individual’s family and financial circumstances.

As a general rule, though, you should get yourself insured if others depend on you financially or if you have debt that will likely carry on to your survivors after you are no longer around. After all, you don’t want to leave your loved ones struggling to make their ends meet or pay off your debt.

The sooner, the better.

It is a good idea to buy life insurance as soon as you can. You never know what health problems you might develop as you get older — more health problems would only make your premiums higher and you may even be denied the application for coverage altogether.

As a young adult, you might have a laundry list of expenses to deal with — such as your student loan debt, car payments, and mortgage, among others. But remember that it is always more beneficial to secure life insurance sooner rather than later.

Life insurance is usually not on a young adult’s list of financial priorities, but it should be. It will give you peace of mind, knowing that your loved ones have security. So, make the right choice and start planning for your life insurance now! 




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15minutelifeinsurance.co.uk is a trading name of Greyfriars Estate Planning Limited which is registered in Scotland no. SC636756.
Registered office, Springfield House, Laurel Hill Business Park, Stirling, FK7 9JQ.

The 15 Minute Life Insurance Service provides policies underwritten by AIG Life, which include access to Smart Health services which are provided by Teladoc Health
We want to let you know that these services are non-contractual, which means they don’t form part of your insurance contract with us. If our partnership with Teladoc Health ends, the service can be withdrawn at any time without notice. Please note the maximum cover across all AIG Instant Life Insurance policies is £600,000 if aged 17 – 45 or £350,000 if aged 46 to 55.

 Authorised and regulated by the Financial Conduct Authority. Greyfriars Estate Planning Limited is entered on the Financial Services Register https://register.fca.org.uk/ under reference 912820.  A summary of our internal procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at www.financial-ombudsman.org.uk or by contacting them on 0800 0234 567. If you wish to register a complaint, please write to us at the address above or email us at info@greyfriarsestateplanning.co.uk