I am often asked "when is the right time to buy Life Insurance?" In my experience, this can be a tricky question.
Life Insurance really does provide a lot of protection for the cost, whether you are buying life insurance because you are getting married, having a child, or to protect your family. Most people buy Life Insurance to protect the ones they love. The cost is so low, there is no reason not to buy Life Insurance.
But you are healthy today, so why bother going through the process to buy life insurance now? Do you know anyone who died at an early age, or that you were surprised when you heard they were very sick or passed away? Life can be random and tragic!
If I had a crystal ball, I would be able to tell you exactly the best moment to buy life insurance. Since I don't, I would recommend that you not wait on this decision. If you now have a reason to protect your family or business, then the time to buy life insurance is now. The process is not very difficult. Once you decide the type of life insurance you want and for how long you want to have this protection in place, you just need to apply and see what the company will offer you for rates. If you are happy with the offer, you accept the life insurance policy and pay the premiums.
The problem of waiting to buy life insurance is that you do not know what the future holds. We hope for the best, but it is always best to plan ahead. If you care about someone who counts on your paycheck or other support that you provide, then buy life insurance now.
Why buy Life Insurance Today?
I have had many experiences with people that have had life insurance and passed away. These stories of missed loved one are hard to hear but not having to worry about financial hardship takes that one burden away. The grieving process is hard enough.
Unfortunately, there are also many people that pass away without having planned ahead or having been able to buy life insurance. In these instances, the stories are always much worse. We have all seen the jars at the local store for families trying to pay for final expenses.
One client called me and asked me to come over to their house so they could buy life insurance. They were friends and they had been putting it off, so I was curious why they finally did decide to move forward with buying life insurance. It turned out that another friend of theirs had gotten cancer and was terminal. In his last days, he sent a letter out to all his friends telling them about his experience. He had not bought life insurance and now he worried for his family. His letter asked all their friends not to make the same mistake of not buying insurance. This is what made them make the decision to move forward.
So if you care about providing for your family, or another party, and want to provide financial protection, I recommend you to buy life insurance today. At the very least, call and check on your options and see if you should buy life insurance.
If you have questions about how to start the process to buy life insurance call me or visit Level-Term.com .