Purchasing a life insurance policy may be beneficial if you have family members who depend on you financially. But the right time to buy a life insurance policy is different for everyone..

Life Insurance In Your 20s…

Whether you’re getting married, starting a family or working to pay off student loans, your 20s should be the time you start thinking about life insurance.

The main advantage of buying life insurance in your 20s is that you might be able to purchase a higher coverage term policy for a more affordable monthly premium.

In Your 30s…

If you have a family, life insurance is a purchase you can make to help the people you love have the financial support they may need, even if something were to happen to you. If you were to die, who would pay for your children’s college tuition? Your outstanding student debt? The mortgage on your house.

In Your 40s…

Your 40s can be a time of changing commitments and unexpected financial hurdles, making it an important time to keep life insurance on your radar, even if you already have a policy.

In Your 50s…

Finding an affordable life insurance policy in your 50s might take more time than if you were buying one in your 30s or 40s, but it’s still not too late to get the coverage you may need..

In Your 60s and Beyond…

Believe it or not, you can still get a life insurance policy in your 60s and 70s. Long-term policies (for 20 or 30 years) are likely out of the picture due to common age limits on policies, but you still may have options for coverage if you’re looking for a plan now.