09/16/2015
September is National Life Insurance Awareness month. There is a big push in the industry to educate everyone about the importance of life insurance. After talking with numerous people about life insurance, one question that keeps popping up is: “Is it worth investing in Life Insurance at such a young age?”
Answer
At a younger/healthier age you have more options. In the case of Term Life Insurance, you are able to get coverage at a much lower rate than if you were older. If you decide that you want to get a whole life policy you will be able to get a lower rate PLUS, with the right plan, you can set up a period of time that you will pay in (say 15 years) then be done paying in and still have the coverage in place throughout your entire life.
In summary
The best life insurance policy is the one that is in force when something happens to you. Life insurance is a lot like savings. The sooner you start, the better off you in terms of coverage and rates. I am not trying to push any products with this post. I would simply like to answer the questions that you have regarding life insurance. I would be more than happy to sit down with you and answer your questions to ensure that you make the best decision for you and your situation. Feel free to call me at the office or cell to set up an appointment. Also, leave a comment or question and I will do my best to respond as soon as possible.