10/10/2021
It is a wise decision to get an insurance plan at early age?
YES! There are many good reasons, among them are:
1) CHEAPER - No matter what kind of insurance you take, the price of insurance will be directly proportional to your age (price increase by age)
2) HEALTH STATUS - As we get older, we cant run from health issues as our body getting weaker each day. The most common disqualification factor in applying an insurance is ’current health status’ and ‘medical history’.
3) ACCOUNT VALUE - In modern insurance world, most of the policy is Investment-Linked in nature (Insurance + Investment). The thing about account value, it is inversely proportional to your current age. In short, at the same price, the younger you are, the higher your account value will be. Whereas the older you are, the lower your account value will be.
4) SUM INSURED/ LIFE COMPENSATION - Same as account value, at the same price, the younger you are, the higher the sum insured value and vice versa.
There are more to point out but these 4 reasons are the main reason why you should apply at the young age whether for your own or for your family.
For more information,
Don’t hesitate to contact me:
Presly Nyulang
Etiqa Life Insurance
https://wa.me/+60197982530
