When Should I Purchase Life Insurance?

Life insurance provides benefits to your chosen beneficiaries after you have passed. The best time to purchase life insurance is when you are young and healthy. As you age, you may develop a medical condition that will raise your rates. Lock into a low rate while you are healthy. The insurance professionals at THINK Insurance & Financial Services will help you choose a policy that is right for you during this period of your life.

When you start working Full Time

Starting a full-time job in or near Pomona, CA, is an exciting event. Before you splurge on the fun things, make sure you purchase the necessities. The life insurance policy provided by your employer may not be enough. If something happens to you, ensure your family will have enough to pay off your vehicle, private student loans, apartment rental contract or mortgage, and other outstanding debt. Another expense to consider is the cost of the funeral or memorial service you prefer.

When you start a Family

Your life insurance policy death benefit doesn’t help you. Your life insurance policy benefits the people you leave behind. Feel confident that your partner and children will not suffer financial hardship due to your death. Think about the amount you owe on your mortgage, and factor in money for your partner to set aside for your children’s education. You should also consider purchasing life insurance for your children. If the unspeakable should happen, you will be able to provide a proper funeral or memorial service for your child without experiencing financial hardship.

You are never too youthful to buy life insurance. Life insurance is an investment in the future of your loved ones. Contact THINK Insurance & Financial Services to set up an appointment with one of our Pomona, CA agents. We want to help you explore your life insurance options and make the right choice.