Get Life Insurance While You Can!
Buy life insurance while you can. Too many people think about life insurance when it is too late. Illness or current health status are the leading reasons for being denied life insurance coverage. The number one reason for getting life insurance is seeing a loved one or friend leave behind a family with out coverage.
The life insurance process can be timely, the more coverage you seek the longer the underwriting process can be. Some companies allow coverage with out a medical exam, only asking a few simple questions to bind coverage. The amount you pay or the premium, is based on your age and current health. Smokers always pay more premium. Should your health get better down the road, you can always look for a better rate based on your current health status. All things considered, you don't know when your time is up....get coverage immediately for peace of mind. When you get better health or researched the best policy for you..just change. In the mean time you have coverage for your family should something unexpected happen.
How much coverage you need is based on what you are trying to replace or what you were planning on doing. Do you plan on putting children through college? Do you want to pay off the mortgage? Do you want your salary replaced for 10 or 20 years or more? Ultimately, you can't get enough coverage. a good place to start is by finding out the maximum amount of coverage you qualify for and seeing if it fits your budget. if you need to, work backwards from there.
Good things to know.....
The healthier you are, the better the rates
Buy sooner rather than later
Don't rely solely on the life insurance offered by your employer
Buying more is sometimes cheaper
More than anything else..get coverage while you can!
Article Tags: Life Insurance
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