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 history of cancer or heart disease and lead a sedentary lifestyle. In that case, there’s a likelihood of developing health conditions as you age which will certainly increase your premiums and may lock you out of coverage all together.

Reason # 3 You have insurable interest that need to be financially protected.

Younger individuals, especially at the start of their career, would have limited savings. However, they probably have the highest number of dependents and liabilities. Things like parents who are approaching retirement age younger siblings who need to be educated, or even grandparents with critical ailments. There could also be debts that need to be repaid like cosigned college education loans or a car loans. There are major forthcoming family events, such as a wedding or arrival of a new baby which bring on new financial responsibilities.

In conclusion, procrastination is always an issue as life gets complicated. We always know that life happens as we are busy planning. Having considerable evidence as to the importance of obtaining Life insurance. Why wait? Take advantage early and then move on to enjoying life to its fullest with the confidence that you and your family are protected. Call us today at BEW Financial to set an appointment and get the best fit for your needs.