One advantage of purchasing life insurance when you’re young and healthy includes likely being able to obtain low cost coverage. Insurance premiums typically increase as life expectancy decreases. Whether considering buying term or whole life insurance, the costs will likely be less now than in the future. If you have dependents in the future, you will have locked in the lowest rates and you will have guaranteed you insurability. Therefore, you will not have to be concerned about higher rates as you age and possibly experience declining health. Contact our office today and let us help you find the most viable life insurance options.
Written by: Megan B. Bynum, Licensed Life & Health Insurance Agent