Protect yourself today from higher costs tomorrow.
Life insurance premiums are based on age and health. We will not be any younger than we are right at this moment, so the best time is as soon as possible. Generally, the younger you are when you purchase a policy, the lower your premium. Since the second variable is health, the medications we are prescribed can also have an impact on our life insurance premiums. You may not take a prescription today, but tomorrow might be another story and some medications limit your ability to be approved with some major carriers that would provide more comprehensive policies at a lower premium.
At times we may think, I’m healthy, I don’t really see the reason for getting life insurance. Well purchasing life insurance once you receive a diagnosis, can mean higher premiums for the exact same coverage you can get right now. Waiting can limit your options or even prevent you from getting coverage at all. Buying life insurance early reduces monthly premium costs. Some carriers determine our age by which birthday we are the closest to, and some carriers our current age, so the sooner the better.
One must also consider that life insurance today typically comes with living benefits providing access to portions of the death benefit should one suffer a heart attack, stroke, cancer or have a chronic illness that requires assistance completing 2 of the 6 activities of daily living. This can become invaluable to a family whose financial contributor to the household budget is now unable to work and provide.
The best time to protect your family and purchase life insurance is now!
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