The Financial PRUtector
05/08/2020
When is the BEST TIME to BUY LIFE INSURANCE?
by DR. Sanjay Tolani
Ask yourself, do you want to provide peace of mind for people around you when something unexpected happens? Insurance serves to give you and your loved ones peace of mind!
1. When you have dependents - One of the most important advantages of life insurance is the benefit payment that it provides, and that payment can make a world of difference in supporting a family when you are gone especially when you are the breadwinner.
2. When you are young and healthy - It's CHEAPER to buy a policy when you are young and healthy. Depending on the type of life insurance you buy, a policy can also be a forced savings vehicle.
3. When you are older and still have commitments - Don't be discouraged to buy life insurance when you feel you are not young and healthy. With age comes the increased likelihood of death, so it is imperative that you have adequate coverage that will help ensure that your affairs will be in order after your death. With life insurance, you will be able to achieve that.
𝐑𝐞𝐦𝐞𝐦𝐛𝐞𝐫, 𝐭𝐡𝐞 𝐛𝐞𝐬𝐭 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐛𝐮𝐲 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 WAS 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 because you never know what will happen today! Insurance only get more expensive as you age so get yourself covered as early as possible.
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