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! 

#ARTICLES

THE MEANING OF LIFE INSURANCE.

B.Thomson

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When we imagine life beyond today, we often think of a series of significant milestones that will define our future...

LIFE INSURANCE ISNT FOR YOU.

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Life insurance isn’t for you! Instead, it’s a selfless act of kindness for your family to cope with their finances when you’re gone...

IF THE WORST HAPPENS, WHAT HAPPENS?

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Just imagine, what is the worst that can happen to any person and their family? A health emergency? A safety risk? Financial difficulty?...




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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 If our partnership with Teladoc Health ends, the service can be withdrawn at any time without notice.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.

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