What is the best time to purchase life insurance?
What is the best time to purchase life insurance? Many people do not pay due attention to life insurance and act as if they are immortal, without taking the precaution of taking advantage of the opportunity that exists to protect their loved ones with a life policy.
It is something cultural, Latinos avoid approaching the subject of death naturally, and, therefore, we do not play the card of the “benefit” that this tragic possibility could bring to our family. But if we were mature people we should deal with these topics and understand that life insurance exists and it can help our family in the event that we die.
In order not to assume that they dominate such a taboo subject, let’s start by explaining what is life insurance?
Well, life insurance is financial protection that we acquire for our family, generally for very little money, and that is activated in case the worst happens to us. This insurance may be enough to cover, not only our own burial, but it could also cover the debts that
have the family, such as a mortgage, student loans, or even, it could act as an inheritance since our relative would receive 250,000 or 300,000 dollars at once.
You may wonder when is the best time to get life insurance? The answer is simple: now. It is never too early to purchase this type of policy.
It would be frivolous to recommend a specific type of life insurance when there are so many different products on the market. To acquire the appropriate insurance, it is necessary to take into account the age, the family situation of the person concerned, the budget he manages, his state of health, the job he has, and his lifestyle. Insuring a person who works in an office is not the same as insuring a race car driver. Nor is the insurance of a single and healthy person the same as that of a father of a family with three children. These aspects are taken into account when purchasing a policy. What is the best time to purchase life insurance?
It is best to call Univista Insurance and discuss the details of this important financial protection instrument with an insurance specialist, who can guide you so that you acquire the most appropriate policy for your personal situation and life goals.