Why More People Are Buying Life Insurance Early

If you're young and healthy, you may not think much about life insurance. After all, it's something you get when you're older, right? Not necessarily.

More and more people are buying life insurance early, and for good reason. Here are a few reasons why:

1. Lower premiums: Life insurance premiums are based on your age and health, so the younger and healthier you are, the lower your premiums will be. By buying life insurance early, you can lock in a lower rate and potentially save thousands of dollars over the life of the policy.

2. Future insurability: Life is unpredictable, and you never know what health issues may arise in the future. By buying life insurance early, you can ensure that you have coverage in case you become uninsurable later in life. This is especially important if you have a family history of certain health conditions.

3. Peace of mind: Life insurance provides financial protection for your loved ones in case something happens to you. By buying life insurance early, you can have peace of mind knowing that your loved ones will be taken care of if the worst happens.

4. Planning for the future: Life insurance can be used for more than just paying for final expenses. It can also be used as part of a comprehensive financial plan, such as providing for your children's education or leaving a legacy for future generations. By buying life insurance early, you can start planning for the future and ensure that your financial goals are met.

If you're young and healthy, buying life insurance may not be the first thing on your mind. But by purchasing life insurance early, you can enjoy lower premiums, future insurability, peace of mind, and the ability to plan for the future. So why wait?

Our team can talk you through which life insurance is right for you and your family, how much to buy, and options on how to make life insurance an asset instead of an expense. Reach out to me at any time at steve@middleretirement.com