We all know that life insurance is important to attain financial security, but it is common to push it off while thinking you don’t need it yet. When do you actually need to avail of life insurance? Here are some notable milestones when you need to avail of life insurance:
- Buying an asset
Before or while you’re buying an asset such as a new car, home, or boat it would be best to purchase insurance along with it. This protects you from financial hardship if ever your property gets involved in an accident or gets any damage. - Lifestyle changes
Planning to get married and have children? Moving to a new suburb? Availing a loan? These come with various risks. Protect your lifestyle from financial loss by availing of life insurance. - Traveling
While traveling can be fun, you also expose yourself to risks such as accidents, lost luggage, etc. Feel safer on your travels with life insurance.
However, there is an advantage to getting life insurance at a younger age instead of waiting for any of the milestones mentioned above. At a younger age, you’ll qualify for lower premiums. When you wait for longer, you’re more likely to develop health problems that make your insurance more expensive or disqualify you from purchasing a plan.
Interested in availing life insurance? Our national insurance associates in High Point, North Carolina can help you decide which plan works best for you. Come and visit us at Exemplar Insurance Associates, Inc.
We provide various insurance services in North Carolina such as critical illness and accident plans, hospital plans, life and final expense plans, and others.
