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Your twenties are a decade of your life full of many important life changes and notable milestones to be reached. Things like graduating from college, starting a career, meeting the love of your life, maybe even buying a home, and starting a family. During all these moments life insurance is not front of mind. After all you are young, healthy, and looking forward to enjoying the years ahead. Why think life insurance at all? Truth is that your twenties may be the best time to consider life insurance. Life insurance is the ultimate financial tool for those big "what if" moments. Here are three reasons to consider life insurance coverage. Reason #1 You’ll lock in the lowest rates The younger you purchase life insurance, the better it will be for your pocket. The reason is that buying at a younger age entitles you to lower premiums for as long as you hold the policy. The most popular type is term life insurance which can have terms of 10, 20 or even 30 years. The terms remain the same from the time you purchase until the end of the term unless you change your coverage. This can cover all or most of your working lifetime. Reason # 2 You won’t be shut out of coverage. Getting a policy before you develop health conditions such as diabetes, high blood pressure, or high cholesterol can mean paying a significantly lower premium. The younger you are, the healthier. But suppose you have a family [Read More...]